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INTERNATIONAL 



(tribune 


PUBLISHED WITH THE NEW YORK TIMES AND THE WASHINGTON POST 



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§ |ony’s American Dream Turns Sour 


Paris, Friday, November 18, 1994 


No. 34,749 




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Japanese Company Admits Defeat in Hollywood Adventure 


; By James Stemgold 

’• New York Tunes Service 

TOKYO— After months of optimistic 
sta tem e nt s, Sony Corp. on Thursday be- 
came the latest Japanese company to ac- 
knowledge serious, problems with a land- 
mark American investment, announcing 
that it was taking $3,2 billion in writeoffs 
and losses on the Hollywood studios it 

^^Smysaid that becau«f of poor box of- 
fice results, a wave of executive resigna- 
tions and. rising costs, it could never hope 
to recover its investment in the studios, 
Colombia. Pictures and ' Tristar Pictures, 
anjd was writing off $2.7 billion of their 
value. • 

“If we didn't do it once and for all now, 
would continue to face losses on our 
efitertainmrat business,” said Tsunao Ha- 
shimoto, executive deputy president of 
Sony. 

Sony also said that in the three months 
from July 1 through Sept. 30 the studios 
suffered $510 million in additional losses 
because of the cancellation of movies un- 
der development, the settlement of law- 
suits and the payment of huge sums to the 
executives who were departing. Sony add- 


ed that it had no choice but to sink even 
more money into the studios if it ever 
hoped to make them profitable. 

It was a humbling admission for Sony 
and a static symbol of the reversal of for- 
tunes for corporate Japan. Sony, known 
for its innovative exports like the Walk- 
man and the video camcorder, had headed 
the list of Japanese companies that poured 
money into the United States until a few 
years ago. 

When Sony paid $3.4 billion for Colum- 
bia Pictures in late 1989, Americans had 
feared that these overwhelmingly competi- 
tive companies, the engines behind Japan's 
huge trade surpluses, were taking control 
of the cream of the American economy. 
The anxieties grew when, shortly after. 
Mitsubishi Estate Co. bought control of 
Rockefeller Center in New York City and 
Matsushita Sec trie Industrial Co. ac- 
quired MCA Inc„ which owns Universal 
Pictures. 

The flood of investments, which includ- 
ed other trophies like Firestone Inc. and 
the Tiffany Building, eased after 1991, 
when the Japanese economy fell into a 
deep recession. Now, time has borne out 
those who had argued all along that many 


of the Japanese companies had overpaid 
for what were, in many instances, ill-con- 
sidered investments. 

Earlier this week, it was disclosed that 
Mitsubishi Estate and its partners may be 
about to default on the mortgage on 
Rockefeller Center. (Page 17) 

Several weeks earlier, the American ex- 
ecutives of MCA, which is profitable, re- 
portedly threatened to quit and leave the 
if Matsushita did not 


rudderless 
them the company back or grant 


company 
either sdl 
them autonomy. 

Other Japanese companies in financial 
distress have been forced to unload well- 
known properties at big losses, from the 
Pebble Beach golf club in California to 
prestigious hotels in Hawaii. 

Sony, however, had always considered 
itself a cut above, with its innovative elec- 
tronic gadgets and flair for garnering fa- 
vorable publicity. The acquisition of the 
studios was seen as a bold attempt to 
marry Sony's expertise in producing elec- 
tronic hardware with the product that ran 
on the video tape players and CD players. 
Sony also acquired record and television 

See SONY, Page 4 


War on Kurds Strains Turks ? Ties to Allies 


By Alan Cowell 

New York Times Service 

ANKARA — As Turkey's war with 
Kurdish separatists has become ever more 
violent ana uncompromising, the govern- 
ment has faced a predicament: the more it 
succeeds, by its own accounts, the more it 
loses the tolerance of the United States 
and other Western allies concerned about 
its increasingly harsh tactics. 

Now, the rift is deeper than ever. 

The Turkish military says that this ; 


it has killed more than 3,000 guen 
from the separatistKurdish Workers Par- 
ly, more than in any other comparable 
period in a decade of fighting that has now 
claimed at least 13,000 fives, including sev- 
eral thousand rivfliaiis. 

its troops with helicopter gnn- 
md warplanes made in the United 
it has deployed more than 220,000 



soldiers — nearly half the army — in the 
biggest campaign of a war against guerril- 
las numbering fewer than 20,000. And it 
has embarked on an effort to deny the 
insurgents supplies and support as winter 
sets in, hoping to starve, freeze and hound 
them into defeat. 

The price, though, has been an unusual 
restriction on American military aid to this 
NATO ally, reflecting worries in Washing- 
ton and dsewhere in the West over the 
jading of elected Kurdish legislators and 
over reports that nriliiaiy tactics include a 
campaign to depopulate Kurdish regions 
through the forced evacuation, and some- 
times torching of hundreds of remote vil- 
lages. 

Bnt the Turkish campaign is under way 
in a country that regards itself as a West- 
ern-looking democracy and, increasingly, 
the strains between those principles and 


what the military views as the dictates of 
war have led to a kind of dual national 
identity. 

In wealthy western Turkey, the land 
looks to Europe; in the hardscrabble east 
it plays by the harsher rules of a region 
bordering Iran, Iraq and Syria. 

And the cost of the war — estimates 
among Western diplomats range from $7 
billion a year up — is draining Turkey’s 
debt-ridden economy so that spending on 
health and education have been cut 

Some 10 million to 12 million Kurds live 
in Turkey, mainly in the southeast The 
basic issue in the war is the nature of the 
state founded by Mustafa Kemal Ataturk 
in 1923. With their Marxist ideology and 
separatist aspirations, the Kurdish guerril- 
las collide directly with the founding no- 

See KURDS, Page 4 



FORET — President BUI Clinton teeing off Thursday at a golf dub in 
Hawaii, where he will spend a few days before returning to Washington 
from the meeting of Pacific Rim nations he attended in Jakarta tins week. 



Rwanda Village Shows Violence Was Organized 


'i 








By Raymond Bonner 

New York Times Service 

NYAKIZU, Rwanda r-Thelnsh, green raffing hills 
are lifeless. Square, mod-wall houses are abandoned. 
No one is Writing in the terraced fields. The only 
sounds are the slight rustle of leaves and an occasional 
bird. It is the silence of death. 

Many of the farmer inhabitants were Tutsi, slaugh- 
tered in ApriL Other now-empty houses belonged to 
the Hutu ^killera,” as a current resident, herself a 
Hutu, described tbem,or to the Itinera’ relatives. They 
have not dared cook bade. . 

Before the killing began, more than 50,000 people 
lived in this commune in southern Rwanda, on the 


border with Burundi. Now there are barely 4,000. 

The testimony is that it was not random violence 
that seized this country in April — that the killings 
were planned, encouraged and commanded by gov- 
ernment officials up to the highest levels. 

listening to villagers’ accounts of the massacres, 
one begins to gain some understanding of why so 
many refugees are afraid to come bade, and of why so 
many people are bang picked up by soldiers and 
thrown in jad on suspicion of complicity in the geno- 
cide. 

It was not just a few young toughs and uneducated 
peasants who killed. The guilty cut across the social 
and economic strata, and the Hutu who fled to Zaire 


and Bur undi are afraid that if they return, they wQl be 
killed in reprisal by the new Tutsi-dominated front 
that now runs the country. 

In this community, a mob led by the mayor, encour- 
aged by the president, assisted by soldiers, killed 4,000 
to 5,000 people, the villagers said. Most of their 
remains are m mass graves; the dirt of the parish 
grounds is littered with bleached bits of human bones. 

The people of Nyakizu say they first began to fear 
when they saw smoke from bouses being burned on 
the bills to the north, and Tutsi from those areas 
started fleeing to Nyakizu for safely. 

Residents, Hutu and Tutsi, went to the mayor to ask 
what could be done to prevent killing in Nyakizu. He 


told them that the problems in other communes were 
being caused by the Interahamwe, the governing par- 
ty’s militia, and that they did not have to worry 
because those kinds of militants did not exist in his 
c ommune. 

Then, on the evening erf April 14, Mayor Lasdislas 

conudan 


Ntaganzwa gathered some of his 
office. 


ts in his 


“The killing began the next morning,” said Agate 
tukabugabo, a teacher, sitting on the steps of the 
lurch where she had been baptized and where h un- 

See RWANDA, Page 4 


No More Votes 
Of Confidence 
On Italy Budget 

Return 

ROME —A top aide to Prime Minis- 
ter Silvio Berlusconi said Thursday that 
the government would not use more con- 
fidence votes to force the 1995 budget, 
through the lower house cf Parliament. 

“I absolutely exdude it,” said Luigi 
Grfflo, undersecretary in Mr. Baius- 
confs office. The government used the 
measure three times this week to force 
pension reforms through the Chamber of 
Deputies, sparking an outcry from trade 
muons ana raising tendon within the 
coalition. 

On Wednesday, Mr. Berlusconi s cen- 
ter-light government easOy wan two con- 
fidence votes called to halt atte mpts to 
water down its cost-cutting rc * on ?\ 

The dispute over the budget ana the 
use erf confidence votes to ram legislation 
through Parliament is threatening to tear 
apart his ruling alliance with federalists 
and the extreme right 

Mr. Berlusconi said on Thursday a 
government collapse would be a disaster 

for Italy. . ' ... 

“What this country needs at this mo- 





Bmao Mnoooime AMsdalcd 

conference in Rome Thnrsday. 


Red Army Is Now History, 
So Germany Orders a Parole 


By Stephen Kinzer 

New York Tima Service 

BERLIN — The longest-held woman 
prisoner in Germany, an unrepentant vet- 
eran of the far-left Red Army Faction, was 
ordered released from prison Thursday. 

Irmgard MQfler, 47, had been serving a 
life sentence for her role in a 1972 bomb 
attack against a U.S. mSitaxy headquarters 
in Heidelberg. Three American soldiers 
were killed. 

Apanei of judges in LQbeck, where Miss 
Mdllcr has been im prisoned since 1980, 
ruled that she fulfilled legal stipulations 
permitting the early parole of long-term 
prisoners when no danger exists that they 
will return to crime. 

The decision could hasten the release of 
seven other farmer Red Army Faction 
members who have been sentenced to life 
trams and have already served longer than 
the 15 yearn required before they can be 
paroled. Prosecutors in Heidelberg have 
one week to object to the court order. 

Commentators suggested there would 
probably be no objection, and that Miss 
Maher would be freed around Dec. 1 un- 
less outride pressures were brought to 
bear. 

Such pressures could come from the 
United States. David Johnson, a State De- 


partment spokesman in Washington, was 
asked about the case this month and re- 
plied that the United States opposed free- 
ing terrorists who show no remorse. “We 
consider politically motivated attacks on 
noncombatants as terrorism, and not as a 
legitimate part of an ’armed struggle,’ as 
she is reported to have suggested,” Mr. 
Johnson said. 

During the 1970s and 1980s, the Red 
Army Faction waged a campaign of bomb- 
ing and assassination. The last fatal attack 
was its 1991 murder of Detiev Karaten 
Robweder, who headed an agency charged 
with liquidating properties formerly 
owned by the East German government. 

A year later, the group announced that it 
was forsaking violence. 

The government has taken several tenta- 
tive steps in response to the renunciation 
of violence, including releasing at least 1 1 
imprisoned members of the group. But 
none of them had been sentenced for so 
serious a crime, or received so long a sen- 
tence, as the prisoner ordered released 
Thursday. 

Miss MOIler has for years been a martyr 
erf the far left, and “Freedom for Irmgard 
MSller” is a familiar slogan on banners 
carried during leftist protests. T rad i n g po- 

See PAROLE, Page 4 



More Heartening News: Cutting Cholesterol Can Save Lives, Too 


Premier Quits 
In Ireland; 
Search Starts 
For Coalition 

Abandoned by Partner, 
Reynolds Avoids Move 
Forcing New Elections 


By James F. Clarity 

New York Turns Service 

DUBLIN — Abandoned by his Labor 
Party partners in government, Albert 
Reynolds resigned Thursday as prime min- 
ister. 

But in a move designed to keep his 
party, Fianna Fail, in power, Mr. Reyn- 
olds did not ask President Maiy Robinson 
to dissolve Parliament and thus left Irish 
politics in turmoil 

Harry Whdehan, the former attorney 
general whose appointment as president of 
the High Court precipitated the govern- 
ment crisis, resigned a few hours later. Mr. 
Whdehan said he had been the victim of 
“unjust attacks.” But he said he was step- 
ping down because “the judiciary must at 
all times enjoy total and unquestioned 
public respect.” 

Mr. Reynolds ended the 22-month coali- 
tion after Labor's leader, Dick Spring, bad 
rdfused to support him in a vote of confi- 
dence. Mr. Spring had attacked Mr. Reyn- 
olds for being arrogant and devious in his 
handling erf a much-publicized case involv- 
ing extradition of a Roman Catholic priest 
accused, and later convicted, in Northern 
Ireland, of child molestation. 

Together, the two parties, with 99 seats, 
had ruled the 1 66-member Parliament with 
the largest majority 37 votes, in the 74- 
year history of the state. 

Dissolution of the Parliament would 
have permitted Mrs. Robinson to autho- 
rize a national election before Christmas. 
But Mr. Reynolds’s decision not to ask for 
it meant that his and other parties were 
free to try to cobble together a new coali- 
tion without an election. 

His action was widely considered a deft, 
if desperate, move that could lead to an- 
other Fianna Fail-Labor coalition, fi put 
Mr. Spring, who was deputy prims minis- 
ter and foreign minister, and whose attacks 
had forced Mr. Reynolds's resignation, 
again in the position of kingmaker. 

He may now decide to have his party 
approve as prime minister whoever is cho- 
sen by Fianna Fall to replace Mr. Reyn- 
olds as party leader. Mr. Spring could also 
choose to enter a coalition with the largest 
opposition party. Fine Gael, and other, 
smaller parties, the Progressive Democrats 
and the Democratic Left. One of the fac- 
tors that Mr. Spring and the leaders of the 
other parties will consider is the presumed 
public opposition to a new election in the 
weeks before Christinas. 

Also, recent polls show that Labor 
would be likely to lose as man y as 10 of its 
32 seats in a new election. The polls, taken 
before Mr. Reynolds quit, have indicated 
that Fianna Fail, which has 67 seats, is 
getting stronger. 

There was no certainty as to how long 
the politicians would take to resolve the 
confusion. There is no constitutional limit 
on how long they may take to try to form a 
new coalition government. 

Mr. Reynolds is expected to resign on 
Saturday as party leader. The party is then 
expected to choose a new leader who 
would then attempt to become the head of 
another coalition with Labor. 

The leading candidate for this is the 43- 
year-old finance minister, Bertie Ahem, a 
professional accountant who has repre- 
sented a Dublin area since 1977 and has 
successfully mediated a number of labor 
disputes and strikes. This would seem to 
make him acceptable to the Labor Party. 

But Labor wul want to know how deeply 
Mr. Ahem was involved in Mr. Reynolds’s 
handling of the extradition case, which has 
elicited public anger and anxiety that the 

See IRELAND, Page 4 


ByGinaKolata 

New York Times Serrict 

. NEW YORK — For the first tnn'va 
study has found that lowering cholesterol 


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not only reduces the risk of heart attack 
but also saves lives. 

Until now, large studies of cholesterol- 
lowering drugs have shown that it can 
reduce df tM from heart attacks but not 
the overall death rate. 

People who lowered their cholesterol 
levels with drugs died at higher rates of 
other causes, like cancer or violence or 
suicide. The connection was a mystery, but 
the numbers sparked a bitter debate over 
whether cholesterol lowering was worth* 
while- 

A new study in Scandinavia, scientists 
say, emphatically answers that Question. 
The study involved 4,444 men and women 


aged 35 to 70 with heart disease who had 
moderate to. high cholesterol levels. 



took a placebo. After following the partici- 
pants for a median of 5.4 years, the re- 
searchers discovered that the death rate in 
the simvastatin group was 30 percent lower 
than that in the control group. 

These results, coming after 20 years of 
futile efforts to show that cholesterol-low- 
ering could save lives, is expected to re- 
solve a debate that has divided scientists 
and confused the public. And it is expected 
to herald a new emphasis on the aggressive 


treatment of high cholesterol levels in peo- 
ple at risk for heart attacks. 

Although most doctors do not now pre- 
scribe cholesterol-lowering drugs even to 
those who have already had a heart attack, 
researchers agreed that will sow change. 

“This study will change medical prac- 
tice,” said Dr, Michael Brown, a Nobel 
laureate and a heart-disease researcher at 
toe University of Texas Southwestern 
Medical Center in Dallas. 

Dr. Suzanne Oparil, the president of the 
American Heart Association and a cardi- 
ologist at the University of Alabama at 
Birmingham, said she had been a skeptic 
about cholesterol-lowering, but that the 
new results “changed my mind.” 


The investigators found that for every 
100 people who took simvastatin, nine 
would have been expected to die of heart 
disease, but only four did. 

And of the 19 who would have been 
expected to have bypass surgery or balloon 
angioplasty, only six required these proce- 
dures. And most important, the simvasta- 
tin group had no increase in deaths from 
other causes, like cancer. 

The drug has few ride effects. 

The study, called the Scandinavian Sim- 
vastatin Survival Study, was sponsored by 
Merck & Co., the maker of simvastatin, 
and carried out independently at 94 clini- 
cal centers in D enmar k, Finlan d, Iceland, 
Norway and Sweden. 


Kiosk 


Democrats Assail 
Gingrich Agenda 

Democrats said Thursday that pans 
of Newt Gingrich’s conservative agen- 
da smack of political extremism, and 
they vowed to resist many of his pro- 
posals. 

Representative David E, Bonior of 
Michigan* the House Democratic 
whip, said that Mr. Gingrich was 
pushing “an extreme agenda” for the 
mst 100 days of the next Congress 
and that there would be no “rush to 
judgment” on it 

Counterattacking on another front, 
the senior U.S. trade official. Mickey 
Kantor, expressed his willingness to 
debate ratification of the global world 
trade accord with Ross Perot. (Page 5) 


Dow Jones 


Down 
17.15 
382B.05 




TTajre. etae 


Trib Index 


Down , 
0.39% ft 

114.31 

'*.v 

; • MkME.-v;, . 

preWQuadow 


DM 


1.5525 


Pound 


1.5719 


1.5505 

1.5735 


Ywi 


98.33 


96.355 


FF 


5.3345 


5.324 



Page 2 


INTERNATIONAL 



TRIBUNE, FRIDAY, NOVEMBER 18, 1994 


One Russian Expert’s View of Re forms: Wrong Turns Along the Rig 

J- V V iF9<tinE EOOd 


By Steven Erlanger 

New York Tunes Service 

MOSCOW — One of Russia’s most 
penetra ting democratic voices, Yuri N. 
Afanasyev, has by his desk a bronze statue 
of Diogenes, lantern lifted, searching for a 
single honest man. It is an obvious analogy 
for these times of moral improvisation in 
Russia, when so many officials and busi- 
nessmen are seeking personal advantage to 
the detriment of a sail -weak public spirit 
A handsome man with a wrestler's 
blocky bofld, Mr. Afanasyev was one of 
the stars of Russia's period of perestroika, 
at reorganization. Now 60, a scholar of 
French history, he was a dose colleague of 
Andrei D. Sakharov’s and of other dissi- 
dent intellectuals like Gavriil K. Popov, a 
former mayor of Moscow. 


Mr. Afanasyev began as a devout Com- 
munist and an editor of the party journal, 
Kommunist- But in 1988 he became a 
leader of Manorial, a movement demand- 
ing an honest account of Soviet history and 
especially of Stalin's atrocities. 

By 1989, he was an admired deputy in 
the Soviet Congress, where he was a col- 
league of Boris N. Yeltsin’s, now president 
of Russia. Mr. Afanasyev became a crucial , 
voice in pushing the Soviet president at the 
time, Mikhail S. Gorbachev, toward a 
more radical break with the totalitarian, 

blood-drowned past. 

But like Mr. Popov, Mr. Afanasyev has 
turned his back on politics. And it is not 
just b ecam e he has a new university, the 
Russian Stale University for the Human- 
ities, to run, and a new, five- volume history 


of Russia in this tumultuous, tawdry cen- 
tury to write and edit. 

“Here in this country, at this time, poli- 
tics is also a biological struggle, and I'm 
not prepared to enter it,” he said. “The 
present-day structure of power, not just 
the president but as a whole, is very vulner- 
able from the moral point of view.” 

People who call themselves democrats 
came to power on a platform of fighting 
privilege and corruption, Mr. Afanasyev 
said. “But everything that sounded demo- 
cratic then has been uprooted from their 
practical politics. And it may strike you as 
strange, but I find it immoral to work with 
them.” 

He said that the expanding presidency, 
weak central government and strong ™fli- 
tary-mdustnaL, agricultural, bureaucratic 
and financial lobbies in Russia create a 


structure that probably suits its society, 
but that it is still essentially predemocranc. 

“The Haris for democracy in most coun- 
tries is the middle classes, but we’ve never 
barf than in Russia and don't have them 
now,” he said. “So democracy here begins 
and ends in our own f eeling s and ideas, but 
it doesn't have roots in the social structure 
and economy. That’s why it's so shaky and 
weak.” 

Five years ago, as the Communist Party 
was beginning to fracture, millions of peo- 
ple came out into the streets to demon- 
strate against party abuses or the KGB. 
“But it was a single moment, a special 

period that reflected feelings in the society 

that did not have roots in the economy of 
the country,” Mr. Afanasyev said. 

In today’s Russia, the people who are 
middle-income are busi n essmen, crooks. 


or 'bureau 

grab a little” for themselves. But sooaUy, c0 g“ 1 ; |g o worries about the weakness of 

people can’t be the basis of ademex:- government and about regional 

S ^sakL Those who present tbe ^ as about We*cm com- 

e class in most countries — ^ tfLcncy over Russia's fufurtStffl, he » 
shop owners, the intelligentsia and most P ^ Russia is moving in the right 
n„ — now earn nine sure 


white-coDar workers -- now earn mu* 
here and are disaffected. 

That helps explain the difficulty the 
democrats have in forming 
not merely revolve around strong P^rscm^ 
slides. “The only real party now is thc 
Communist Party ” Mr. Afanasyev said, 
because it is supported by disappointed 
retirees and pauperized workers wbo have 
seen others grow unimagiimbly nch.^^ 

Mr. Afanasyev is generally gloomy 
about the implications of the present-day 
disorder, with academics straggling for 
dignity while street-smart traders get nch 


direction, despite its leaders. 

“We will form a. traditional middle 
class,” he said. “We will become more like 
a normal country, even if there is a'Jpt of 
ugliness cm the way.” 

The two biggest achievements of the 
new Russia, he said, are a growing normal- 
ization of society, giving people a growing 
stake in government, and, “on a very pro- 
found level, the fact that people are really 
beginning to take responsibility for them- 
selves and their own lives,” instead of 
expecting everything from the state. 


Paris and Moscow to Press U.S. 
Over Shift on Bosnia Embargo 


By William Drozdiak 

Washington Post Service 

PARIS — France and Russia 
warned the United States on 
Thursday that Washington's 
policy tilt toward Bosnia's Mus- 
lims was jeopardizing chances 
for an international settlement 
and encouraging a further esca- 
lation in fighting that could en- 
danger United Nations peace- 
keepers and ignite a wider 
Balkan war. 

Still angry at the Clinton ad- 
ministration's decision last 
week to stop enforcing an arms 
embargo against Bosnia, for- 
eign ministers from France and 
Russia said they planned to 
meet by early December with 
their counterparts from the 
United States, Britain and Ger- 
many. France and Russa want 
to determine whether the five- 
nation contact group should 
persist in promoting a peace' 
plan that would divide Bosnia 


Yeltsin Dismisses 
Press Spokesman 

Reuters 

MOSCOW — President Bo- 
ris N. Yeltsin’s chief press aide, 
Vyacheslav Kostikov, an- 
nounced Thursday that he had 
resigned at the request of the 
Kremlin leader. 

The Itar-Tass news agency 
quoted Mr. Kostikov, who has 
been Mr. Yeltsin’s press secre- 
taty since 1992, as saying: “The 
initiative for my resignation is 
not mine but I fully realize the 
position and motives of Boris 
Nikolayevich.” 

Mr. Kostikov, known for his 
combative and sometimes in- 
temperate language against Mr. 
Yeltsin’s foes, said that Mr. 
Yeltsin “assumed I would re- 
main an activist for democracy 
and an activist for the presi- 
dent. From my side, I can not 
envisage any other way.” 


roughly in half between the 
Serbs and a Muslim -Croat fed- 
eration. 

France’s foreign minister, 
Alain Juppfe, speaking after 
talks with the Soviet foreign 
minister, Andrei V. Kozyrev, 
said it was imperative to find 
out whether the United States 
still wanted to pursue a political 
solution backed by the United 
Nations or whether it wanted to 
move toward support for the 
Muslim campaign to reconquer 
territory lost by force to the 
Serbs over the last two years. 

"This is a central question 
that needs to be debated and 
clarified now ” Mr. Jupp6 said. 
He and Mr. Kozyrev said they 
would meet Friday with the 
British foreign secretary, Doug- 
las Hurd, to discuss the impact 
of the American derision on 
their peacekeeping forces, 
which form the largest contin- 
gents in the UN humanitarian 
mission to deliver food and 
medicine to Bosnian civilians. 

The decision last week by the 
United States to withdraw three 
ships and aerial reconnaissance 
planes from the enforcement of 
a blockade against arms deliv- 
eries was criticized by the Euro- 
pean allies and Russia as a 
break with the effort to main- 
tain an international consensus 
on brokering a peace settlement 
among Bosnia’s warring Serbs, 
Muslims and Croats. 

“If we start to favor one side 
over another, it will turn into an 
international disaster because it 
will lead to a greater regional 
war,” a senior French official 
said. “If the Americans bade 
the Muslims, the Russians will 
then help the Serbs, and pretty 
soon you will find the conflict 
can no longer be contained.” 

French mili tary officials say 
they are convinced that the 
United Slates already has been 
“facilitating” the delivery of 
amis and uniforms to Bosnian 
government forces, that aerial 
intelligence has been passed by 



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RcralhS&rUnme 


Washington to Bosnia and that 
“civilian” American advisers 
not officially affiliated with the 
U.S. Army have been training 
the mostly Muslim soldiers. 

However, the officials of- 
fered no concrete proof to back 
up their assertions, and the 
Clinton administratio n hue re- 
peatedly denied that it is break- 
ing die arms embargo or train- 
ing Bosnian troops. 

French and British sources 
said Secretary of State Warren 
M. Christopher had sought to 
mollify the allies’ criticism by 
Idling Mr. Hurd and Mr. Juppfe 
that the derision to stop enforc- 
ing the embargo was a shrewd 

E olitical pipy that would have 
tile practical effect on the 
ground while effectively under- 
cutting congressional attempts 
to force a unilateral break with 
the arms embargo. 

But the sources said Mr. 
Christopher had underestimat- 
ed the psychological impact of 
the U.S. derision, winch has 
shattered the fragile consensus 
within the contact group that 
had kept the major powers from 
choosing rides in the conflict. 

The latest disagreement re- 
vealed the underlying tensions 
among those powers, which the 
allies say can be traced largely 
to the refusal of the United 
States to contribute any of its 
soldiers to the UN peacekeep- 
ing forces on the ground. 

Bosnia’s Sobs, who control 
nearly 70 percent of the coun- 
try, have rejected the partition 
plan; the Muslim-Croat federa- 
tion has accepted it U.S. offi- 
cials argue that only the threat 
of a military buildup by the 
previously outgunned Bosnian 
government forces will compel 
the Serbs to make peace. 

■ France Is Shrugged Off 

The State Department reject- 
ed as “divisive” French criti- 
cism of the decision to stop en- 
forcing the UN arms embargo 
on Bosnia, Reuters reported 

from W ashing ton. 

“We have told the French 
that their criti cism is inaccurate 
and divisive,” a spokesman for 
the department said. He added 
that “the actions we have taken 
•let us abide by our own law,” 
while remaining part of the alli- 
ance looking for ways to end 
the fi ghting . 



7 . . • 


r 




r . -*~y- - ■ * - 


Danid SupTr/Ronm 

Nice’s ex-mayor, Jacques Mtededn, arriving Thursday from Montevideo. 

French Prepare to Try Ex- Mayor 


Compiled by Our Staff Frvm Dapadtes 

PARIS — The former mayor of Nice, Jac- 
ques M6decm, who fled to Uruguay in 1990, 
arrived back in France on Thursday to face 
trial on corruption charges. 

Mr. Mtderin, 66, who was extradited, ap- 
peared relaxed as he stepped off his Air 
France flight at Charles de Gaulle Interna- 
tional Airport 

Court officials said a public prosecutor 
would place him undo' investigation and send 
him to prison in Grenoble. Five counts of 
fraud, corruption and embezzlement are 

ppflriing against him 

As the /Tight was coming to an end, the Air 
France pilot could not resist commenting on 
the most high-profile of his passengers: “Wel- 
come to France, where we roll out the red 
carpet for crooks.” 


His words came over the loudspeaker of the 
Airbus A-340, where a section of the plane 
was curtained off for the flamboyant fugitive 
from the Riviera. 

A red-faced Air France scrambled Thurs- 
day to put the right spin on the incident, 
saying the unidentified pilot was expressing 
his own opinion and not that of the company. 
The firm said it might reprimand the pilot 
and insisted that its cockpit crews were in- 
structed to be discreet when dealing with 
passengers. 

But Mr. Mbdecin’s family was furious. His 
former wife, Claude Mailley-Mfcdecin, 
backed by his daughter, Anne-Laure, an- 
nounced she would sue the pilot for slander. 

(Reuters, AFP) 




Blast Damages Lagos Airport Hall 

LAGOS (AP) — A blast blew a hole in the ceiling of the Lagos 
international airport’s arrival Hall Thursday, the first anniversary 
of Genera] Sam Abacha’s seizure of power. ; 

No injuries were reported, and the airport continued opera- 
tions, said a brief report on state-run radio. It gave few details and 
did not say if the blast was caused by a bomb or believed related to . 
the anniversary. 

General Abacha took over in a bloodless coup on Nov. IT, 1992b 

ousting a militar y regime that was unable to control riots, stnfcw 
and protests that broke out after the annulment of presidential 
elections. : 

Truce Urged as Afghans Get Vaccines 

ISLAMABAD, Pakistan (Reuters) — The United Nations 
appealed to the waning factions in Afghanistan on Thursday to 
observe an eigh t-day cease-fire as of Saturday so that the first 
round of a immunization campaign could be carried oul 
Children will be vaccinated against measles and polio, and their 
mothers against tetanus, said Sotirios Mousouris, the UN secro- 
tary-generaFs personal -representative. Vhamin-A supplements 
will be given to all chil dren under 5 years of age in places haying 
vaccine storage facilities. Two more stages of the immu nizations 
will follow in April and May. 

Mr. Mousouns said he had written assurances of cooperation 
from all Afghan political leaders. 

39 Cubans in Panama Get U.S. Visas 

PANAMA CITY (Reuters) —Thirty-nine Cuban refugees held 
at U.S. internment camps in Panama were flown to the United 
States on Thursday and granted U.S. visas, officials said. 

The 18 men, IS women and 6 orphaned children are part of an 
agreement allowing elderly, side or orphaned Cuban refugees at 
the camps to enter the United States, U.S. military officials in 
Panama said. 

The United States holds about 8.700 Cubans in camps run by 
the U.S. military near the Panama Canal. The refugees were part 
of the boat exodus of people from the Communist island nation 
last summer. 

Relatives of Ferry Victims Protest 

STOCKHOLM (AP) — About 300 relatives of people who di^fe 
in the Estonia ferry catastrophe Sept. 28 marched on Parliament 
on Thursday to demand the raising of the sunken vesseL 
Of the 1,049 people believed on board, only 136 survived the 
tragedy. More than 800 bodies are believed trapped inside the 

vessel, which lies about 80 meters below the surface. 

Also Thursday, the Swedish Navy started trying to salvage the 
front cargo door of the Estonia in hopes of finding more clues 
about the cause of the disaster. Salvagers had been planning the 
operation for days but were unable to carry it out because of bad 
weather. 

Ecuador Army Chief Dies in Crash 

QUITO, Ecuador (Reuters) — The head of the Ecuadoran 
Army, General Miguel Iturralde, died along with nine other 
officers when his helicopter crashed in the jungle, an army 
spokesman said. 

Colonel Alberto Molina said right people survived the accident, 
which occurred Wednesday night. 

“We don't have all of the details at this time, but we understand 
bad weather was ihe cause of the accident,” Colonel Molina said. 
“We have recovered the body of General Iturralde, and those 
injured are being flown to Quito.” 


TRAVEL UPDATE 


Presidency Building Is Shelled in Sarajevo 2 »S 


By Chuck Sudetic 

New York Times Service 

SARAJEVO, Bosma-Herze- 
govina — Bosnian Serbs at- 
tadeed the presidency budding 
here with wire-guided missiles 
Thursday and bombarded a 
UN-designated “safe area” for 
the third day running. 

Three wire-guided missiles 
and two bazooka-like sheds 
were fired at the Bosnian presi- 


ORLY- LONDON 
from FF. 790 RT* 

4 (lights daily 
1st flight from Orly 7:15 am 


dency budding in central Sara- 
jevo just before noon, wound- 
ing two persons, UN officials 
and local news reports said. 
Three projectiles exploded into 
the bunding, Hamngrng offices 
and spraying broken glass and 
stucco onto a parking lot. 

The attack outraged Bosnian 
leaders, who called for the 
United Nations to request retal- 
iatory NATO air strikes. The 
action was sought under the 
terms of a February ultimatum 
that was supposed to have ro- 


an exclusion zoneofajSLmde 
radius around the Bosnian capi- 
tal, where more than 10, (XK) 
people died in 22 months of 
Serbian shdimg an d sni pin g. 

“This attack must not go un- 
punished,” Prime Minister 
Haris Sdajdzic of Bosnia said 
Thursday night. Bnt he said 
that retaliatory air action had 
been refused by the UN com- 
mand, which told him that Ser- 
bian leaders had explained the 
attack by »n«ymg that Bosnian 


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troops near the presidency had 
attacked Serbian positions first. 

A United Nations military 
force spokesman. Major Koos 
Sol, said UN spotters did not 
report any outgoing Bosnian 
Army fire near the presidency 
before the attack. 

UN officials have said the 
82mm wire-guided missiles 
were not barred by the North 
Atlantic Treaty Organization’s 
heavy weapons ban. If so, 
Thursday’s attack, the fourth of 
its kind in as many days in Sara- 
jevo, dearly shows that the Ser- 
bian forces surrounding the 
Bosnian capital feel they have 
found a loophole in the ban that 
allows than to retaliate against 
civilians here for Bosnian mili- 
tary activity elsewhere. 

Despite United Nations pro- 
tests, Bosnian Serbian forces 
for the third straight day ran- 
domly shelled the northern. Bos- 
nian city of Tuzla. 


BERLIN (AP) — Planners on Thursday recommended two 
s ites f or a major international airport to serve Berlin, where the 
German government and Parliament are to move before the end 
of the century. 

A pl anning commission for Brandenburg state, which sur- 
rounds Berbn, rejected the expansion of Schoenefeld Airport, 
once the mam airport for East Berlin when it was East Germany’s 
capital, because too many people live nearby 
The pro recommraded sites are in lightly populated areas south 

^blomctas from the center. The decision is eapectedin^S 

A national strike by Belgian public sector workers on Nov 29 to 
protest against the government’s privatization plan is expected to 
and 0tber serviccs to a standstill, toe union 

More than 53,000 people hare been killed on annes/roadTh! 

year, an increase of 3.3 percent wertest 
year, the Liberation Daily said Thursday. (Reuters) 

• Alaska’s Mount McEnley, toe highest peak 

m North America, will have to pay a $150 fee next year, theul 
National Park Service said Wednesday. Fees are not unusual at 
famous peaks. Nqjalese officials charge at least $50,000 per 
expedition to climb Mount Everest. (Reuters) 

a iS^ri2Z? ,, ? day ^ acc,ed *“ a 8 re€ffl * nt rith Cuba that had 
allowed citizens of each country to travel to toe other without 

nsat (AFP) 



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'j!' r V' :- ' TV A couple m Barefoot Bay, near Sebastian, Florida, comforting each other amid the wreckage of their trailer. 

£3 g Storm Ravages Winter Crops in Florida 



Judge Blocks California Aliens Measure 


ell.ru 


’ - Pro Florida 


By Mireya Navarro 

New York Times Service 

MIAMI — Heavy rains from a tropical 
storm have flooded tens of thousands of 
acres of farmland in Florida and destroyed 
a large part of its winter crop. 

The storm, which earlier in the week left 
scores dead in Haiti, according to radio 
reports, swept slowly across southern and 
central Florida on Wednesday before it 
moved into the Atlantic Ocean. It gained 
strength and was upgraded to a hurricane 
- Thursday morning , the National Hurri- 
cane Center said. 

In Florida, at least four deaths have 
been reported as a result of the storm 

As state emergency officials began as- 
■ sessing the damage in 40 counties. Gover- 
nor Lawton Chiles declared a state of 
emergency for the lower two-thirds of the 
Florida Peninsula. 

- .^Precise estimates of losses were not yet 
Available but vegetable fields in Dade 


County south erf Miami appeared to have 
suffered some of the worst Hooding and 
wind damage. 

State and federal agriculture officials 
said virtually everything growing in the 
area, which provides most of the winter 
supply of fruits and vegetables for the 
Eastern seaboard, was lost 

They said consumers were likely to see 
some shortages of pepper, cucumbers, to- 
matoes and strawberries, and higher 
prices. 

“If you live in New York City you’re 
going to be paying more for your fruits and 
vegetables, and you’re probably going to 
be getting them from California and Mexi- 
co," said David Holmes, director of the 
Extension Service in Dade County. 

However, officials at the state’s Emer- 
gency Operations Center in Tallahassee 
expressed relief. 

“It could have been a lot worse." said 
Mike Rucker, a meteorologist and one of 
70 state workers monitoring the storm. 


With heavy rain and winds of up to SO 
miles an hour, the center of the storm 
passed near the Honda Keys into the Gulf 
of Mexico on Tuesday, then turned back 
and came ashore Wednesday morning 
through the state’s southwest coast by Na- 
ples. It had moved on a northeastern 
course across the center of the state and 
out into the Atlantic Ocean by Wednesday 
night. 

In Haiti, radio reports said the death toll 
from the storm was continuing to rise, 
according to Reuters, but government offi- 
cials stressed that the figures were esti- 
mates. 

Radio Tropic said 350 people perished 
in the floods that followed the weekend’s 
torrential rains. 250 of them in the south- 
ern port town of Jacmel. Reuters reported. 
Other stations gave similar estimates, but 
the government of President Jean- Ber- 
trand Aristide estimated the death toll at 
100 to 125. 


in Lri?: 


Away From Politics 

• Twenty people teweffied since a drug J 

for ebroak asthma came on the market in 
April, many of them apparently because 
they mistakenly believed the drug would 
immediately relieve their breathing 
problems. The drug, Serevent, or salma- 
terol xinafoate, is effective at preventing 
asthma attacks, experts agree. But it does 
not treat severe attacks, because it takes 
at least 30 minutes to begin working. 

• The judge in the OJ. Sinyson trial 
expres se d regret for granting a heavily 
hyped, five-part television interview. 
Judge Lance A. Ito said he would not 
have done the interview if he had known 
it would turn into such a heavily promot- 
ed, long-running affair. 


• An ah' force judge recommended that 
charges of dereftetioo of duty' be dis- 
missed against three radar plane officers 
implicated in the shooting down of two 
army helicopters over northern Iraq in 
April. The judge recommended that the 
charges stand against the senior director 
of the crew. Captain Jim Wang. 

• Cigarette smoking among American 
adnf fr has fallen to its lowest level since 
1941, according to a survey by the Cen- 
ters for Disease Control and Prevention. 

• The study found per capita consumption 
at 2,493 this year, down from a peak of 
4345 cigarettes pa- capita in 1962. 

• A court tans rejected an attempt to keep 
a statue of Quetealcoad, the ancient Az- 
tec god, from being unveQed by San Jose, 
California. The court ruled against six 


people who claimed that Lhe 8-/00 1 12.4- 
meter) statue violated the Fust .Amend- 
ment ban on government establishment 
of religion. 

• Jeremiah W. Pearson, who has beaded 
die space shuttle program for 24 years, 
will resign to take on “new challenges 
and opportunities." His successor as as- 
sociate administrator for the NASA’s 
Office of Space Flight will be J. Wayne 
Littles, NASA’s chief engineer. 

• An 86-year-old woman spent nearly 90 
minutes in a morgue refrigerator after a 
coroner in Albany, New York, mistaken- 
ly pronounced her dead. Mildred Clark 
had bran found unconscious in her 
apartment A morgue supervisor heard 
breathing from inside the body bag. She 
was in critical condition. .4/* syt. Reisers 


By B. Drummond Ayres Jr. 

Sew York Tima Service 

LOS ANGELES — Saying it 
raised “serious” constitutional 
questions, a federal judge has 
temporarily restrained Califor- 
nia officials from putting into 
effect key provisions of Propo- 
sition 187, the immigration- 
control measure overwhelming- 
ly approved last week by the 
state’s voters. 

Judge William Matthew 
Byrne Jr. of U.S. District Court 
here found that the proposition, 
which would deny most govern- 
ment services to undocumented 
immigrants, might cause undue 
hardships and might preempt 
law enforcement powers of the 
Immigration and Naturaliza- 
tion Service. 

“I find that there is a balance 
of hardship that tips in favor of 
the plaintiffs,” Judge Byrne 
said at the end of a two-hour 
hearing that had been called to 
hear complaints about the 
proposition filed by civil rights 
and immigrant groups. 

“There are serious ques- 
tions." the judge added, “as to 
due-process violations, liberty 
interests and also property in- 
terests.” 

The proposition passed by a 
3-to-2 margin at the end of an 
election campaign in which it 
emerged as the dominant issue. 
It would ait off schooling and 
nonemergency health care to 
undocumented immigrants and 
would require education and 
health officials to report to im- 
migration authorities any per- 
son known or suspected not to 
have proper documents. 

Immigration officials say 
California has more undocu- 
mented aliens than any other 
state, and California officials 
say that providing them govern- 
ment services costs taxpayers 
more than $3 billion a year. 

While Proposition 187 ap- 
plies only to California, the im- 
pact of its debate and subse- 
quent passage has been felt 
around the nation, particularly 
in Washington and in other 
states that have large numbers 
of undocumented immigrants. 

Leaders of the proposition 
movement here say they will 
next try to force Congress to 
pass stricter immigration con- 
trols. 

Civil rights groups have 
vowed to oppose any efforts to 
spread the Proposition 187 
'movement They assert that not 
only is the measure unconstitu- 


tional but also that the anti- 
immigrant tide in California 
steins mainly from problems of 
an economy that is weaker than 
that of most other states. 

Judge Byrne’s restraining or- 
der wlO run for 10 days. At the 
end of that period, the plaintiffs 
said they would begin legal pro- 
ceedings to have the proposi- 
tion permanently enjoined and 
then declared unconstitutional 


a fight that lawyers on both 
sides said could last for several 
years or more. 

“When you win a temporary 
restraining order, you’re well on 
your way to the bigger victory," 
said Stephen Yagman, one of 
the plaintiffs’ lawyers. “The re- 
quirements for the fust are 
much the same as the require- 
ments for what follows, we've 
met the first” 


Lawyers for the state argued 
in court on Wednesday that the 
proposition sought only to 
solve a problem that the federal 
government had neglected. 
They said after the hearing that 
while the restraining order was 
in effect, they would work to 
draw up plans to enforce the 
provisions of the proposition in 
case the restraining order was 
eventually lifted. 


Republicans Won’t Convene in N.Y. 


The -Issocuucd frees 

WASHINGTON — San Diego emerged as 
the front-runner to hold the 1996 Republican 
convention after New York was dropped from 
consideration to punish the city’s Republican 
mayor for supporting a Democrat for governor. 

Party sources say San Diego, New Orleans 
and San Antonio are the remaining cities in the 
hunt for the August 1996 event — and the 
millions of dollars it will bring in business to the 
host city. Democrats have already selected Chi- 
cago for their 19% convention. 

Mayor Rudolph W. Giuliani threw his politi- 
cal support to Governor Mario M. Cuomo’s 
unsuccessful re-election bid in Nov. 8 elections. 

Republican party sources said San Diegp was 
the favorite because Republicans would like to 
hold the convention in California, which carries 


the most electoral votes of any state in presiden- 
tial elections. 

It is not, however, a certainty. San Diego’s 
hall is smaller than the Republicans prefer, and 
some logistical arrangements still need to be 
tested. The halls in New Orleans and San Anto- 
nio are large enough, but other factors work 
against those cities. 

San Antonio is short of hotel rooms, so many 
delegates would face long bus rides from outly- 
ing areas. And the Republicans held their 1988 
convention in New Orleans and many would 
like to go elsewhere. If a deal cannot be struck 
with San Diego, however, the party sources said. 
New Orleans was the probable fallback. 

New York was not among the initial bidders 
for the 19% convention. But after his victory in 
the 1993 mayoral race, Mr. Giuliani persuaded 
the party to consider his city. 





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Gunman Charged With Trying to Kill President 


Compiled fy Our Staff From Dispatches 

WASHINGTON — A feder- 
al grand jury Thursday charged 
.a Colorado mm with attempt- 
ing to assassinate President Bill 
Clinton by shooting at the 
White House with an assault 
rifle. 

Francisco Martin Duran was 
charged with 1 1 counts, includ- 
ing one of attempting to murder 
the president, during the OcL 

Mr. Duran, 26, of Colorado 
Springs, earlier had been 
pharyri with several other felo- 
nies in connection with the 
^shooting. 

The indictment returned be- 
fore U.S. Magistrate Deborah 
Ro binson included one count 
;of trying to kiB the president, 
four counts of assaulting Secret 
Service officers and two counts 
of possession of a firearm by a 
'convicted felon. . 

. An attempted presidential 
assassina tion charge carries a 
maximum term oi life in prison 
upon conviction. 

' At the time of the OcL 29 
shooting, Mr. Clinton was in- 
ride the White House but never 
in any danger- law enforcement 
of ficials have said- Under the 
law, prosecutors would not 
have to show that Mr. Dur&n 
had actually endangered the 
president, but only that he had 
intended to. 

Soon after his arrest prose- 
cutors charged Mr. Duran with 
destruction of federal property, 
possession of a firearm by a 
convicted felon, assaulting a 
federal officer and using a fire- 
aim in a crime of violence. If 
convicted of those charges, he 
would face a maximum prison 
•; term of 40 years. 

Eric H. Holder Jr, the U.S. 
attorney in Washington, bad 
left the possibility open that 
Mr. Duran might be chafed 
with an attempt on Mr. LUn- 
ton’s life, ana information bas 
emented since the incident that 
suggests that Mr, Duran, a dis- 
honorably discharged Army 


medic, had contemplated an as- 
sassination that would have 
ended with his own death. 

Friends in Colorado Springs, 
where Mr. Duran lived, said 
that before the shooting he had 
talked about going to Washing- 
ton to “take out” the president 

Afterward, the authorities re- 
covered papers from Mr. Dur- 
an’s pickup truck that men- 


tioned killing the president and 
discussed the distribution of 
Mr. Duran’s possessions after 
his death. 

Some investigators said the 
c ase for charging Mr. Duran 
with attempted assassination 
was thin because his actions 
had seemed irrational and unfo- 
cused. Videotapes made by 
passers-by and witness reports 


seemed to indicate that Mr., 
Duran had fired randomly as he ' 
moved along a sidewalk ancL 
shot through the fence, which is 
about 50 yards from the White 
House. 

He fired 27 shots, some of 
which struck the front pillars 
and a bulletproof upstairs win- 
dow and shattered a press room 
window made of ordinary glass. 




Thai 

Request for Business Process 
Reengineering Consultants 

As part of our business process reengineering program, Thai Airways 
International Public Company Limited (THAI) is currently seeking to 
appoint a professional, experienced and qualified company to review and 
identify our work processes and assist THAI in redesigning and 
implementing them as well as assessing their impact on sales, customer 
satisfaction, corporate image or identity personnel morale and airline 

profitability. 

Interested companies are expected to have under then employ a team 
with proven experience in providing reengineering consultancy services 
or having participated in a reengineering project as an owner. 

The requirement for pre-qualification of the Consultants and the details 
of proposal submission are contained in our ‘Terms of Reference” which 
interested parties may now purchase at a cost of Baht 10,000 obtainable 
from the office of Vice President Corporate Planning, Thai Airways 
International Public Company Limited, 89 Vibhavadi Rangsit Road, 
Bangkok 10900. The deadline for submission of the firm proposal will be 
on or before January 16, 1995 ai 17:00 hours Bangkok time. 

THAI reserves the right to reject any or all proposals, waive any 
formality or accept such proposals as may be considered advantageous. 


fee*/;. ’ 


piTUMtH- Bin* ! lit Ti't: *. \M» :»! ••’•I'-i 


Decisive 
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Page 4 


INTERNATIONAL HERALD TRIBUNE, FRIDAY, NOVEMBER 18, 1994 



Israel-PLO Peace Bid Is Being Undermined by Mistrust 


By Clyde Habennan 

New York Tuna Service 

JERUSALEM — Israel and the Palestine Lib- 
eration Organization are struggling to tbdr 
peace mitro alive against a backdrop of growing 
mistrust and acrimony. 

Almost every day lately, one side has accused 
the other of showing bad faith or violating the 
“declaration of principles” that they signed at 
the White House in September 1993. 

fri^M^ter^ltzIiak Rafcn was quoted by 
the Israeli press as warning that he would not 
agree to Palestinian elections until the PLO kept 
an unfulfilled promise to revoke portions of its 
charter calling for Israel’s destruction. 

In turn, a senior Palestinian negotiator, Saeb 
Erekat, accused Mr. Rabin of looking for excuses 
to back out of a commitment to redeploy Israeli 
forces in the territories as a prelude to elections. 
It was hardly an isolated dispute. 

The two sides also fought over a ceremony for 
new Palestinian security agents held on Tuesday 
in the West Bank town of Jericho. A videotape 


showed participants shouting out claims to cities 
like Haifa and Ashdod, well inside Israel. 

This was a gross violation of the 1 993 declara- 
tion, the officials charged. Palestinians said the 
participants were chanting old slogans for want 


NEWS ANALYSIS 

of new ones, and accused Israel of exaggerating 
the incident. 

Such episodes show how much both sides 
remain guided by enmity despite the high expec- 
tations generated at the White House 14 months 
agio. 

Besides outlining the shape of the Palestinian 
autonomy now in force in the Gaza Strip and 
Jericho, that agreement was supposed to set the 
two enemies on a new course of mutual confi- 
dence and respect. Instead, hostility repeatedly 
surfaces. 

On both sides, leaders say they are committed 
to negotiations that are to resume later this 
month on expanding Palestinian self-rule be- 


yond Gaza and the Jericho enclave to the entire supporting votes in the PLO’ssen-scyl«i 

ssea'issssr-' sgsasssss®* 


Education was handed over on Sept. 1, and 
tourism and welfare this week. Taxation and 
health are next, supposedly within two weeks. 

But the core of the coming talks are plans for 
Pales tinian elections throughout the tern tones 
and a companion withdrawal of Israeli forces 
from West Bank cities and towns. 

The issues became more complicated when 
Mr. Rabin told Israeli reporters, while flying on 


. ,'ow, after months of publicly sympathizing 
with Mr. Arafat for his troubles, Israel is saying: 
No more excuses — change the charter. 

“We’re tired to hear that Yasser Arafat 15 
weak,” Economics Minister Shimon Snetreet 
said. “He signed an agreement- Ifsjune that he 

finds a way to get everything done. 

That is what the Israeli opposition has said for 

Mr. Kabin told Israeli reporters, wnne uymg on months, btrt howresohrte 

Wednesday to Los Angeles, that he would now jtajy “EiTSdl 

tie the elections to PLO revocation of the Israel- he intends to be CTed uy V et another 

n egating clauses in its charter. Mr. Arafat prom- newspapers said he was Sf 1 yy 


Rabin exchanged letters reco gnizin g each other 
on SepL 9, 1993, four days before the White 
House ceremony. 

But the chairman has yet to follow through on 
his pledge. 

His arg umen t is that he does not have enough 


the Palestinian National Council to establish a 
Palestinian authority “on any lands the Israeli 
enemy withdrew from.” 

He amended “the Israeli enemj 
lis.” But the damage was done. 


to “the Israe- 


Suicide Aid Is Banned 1 



The Associated Press . 

w a cprrMrJTON — Euthanasia and assisted suicide must 
JSSd at the 1 ,200 Roman Catholic h<*pitafc and 

A week after Oregon voters approved physician-assisted 
suicide, the bishops said the practice could never be morally 
acceptable and told Catholic institutions not to honor direc- 
tives that violate the church’s moral teaching. 

At the same Htng r in staking out a Catholic posahon on the 
issue, the bishops said doctors may give pain medication to. 
terminally ill people even if that indirectly hastens their 
deaths. And they said patients have the right to forgo extraor- 
dinary means for extending life. But, they said, “suicide and 
euthanasia are never morally acceptable options.” 

"In cases of considerable moral complexity, the directives 
reflect the church's teaching while preserving the legitimate 
freedom which the church provides," Bishop Alfred C. 
Hughes, rfiairman of the Doctrine Committee, told the bish- 
ops on the final day of their annual meeting. 


Timorese Reject U.S. Passage to Asylum 


Compiled by Our Staff From Ditpateha 

JAKARTA —The U.S. Em- 
bassy offered Thursday to help 
find asylum abroad for East Ti- 
morese dissidents occupying a 
section of the embassy grounds, 
but the protestors remained de- 
fiant 

A U-S. Embassy spokeswom- 
an, Pamela Smith, said the em- 
bassy had offered the protesters 
help in leaving for Portugal, 
winch has offered to take them 
in. 

The protesters said they did 
not plan to leave the embassy 
grounds until there were talks 
on the release of the Timorese 
resistance leader, Jos6 Xanana 
Gusmao. Mr. Gnsm&o, cap- 


tured by Indonesian soldiers in 
1992, is serving a 17-year sen- 
tence in a Jakarta prison. 

The protesters scaled a fence 
Saturday to enter the com- 
pound and originally demand- 
ed to see the U.S. secretary of 
state, Warren M. Christopher, 
who was then in Jakarta with 
President Bill Clinton to attend 
a meeting of the 18-nation Asia 
Pacific Economic Cooperation 
forum. 

There is significant opposi- 
tion among native Timorese to 
Jakarta’s rule over East Timor, 
which was a Portuguese colony 
before Indonesia intervened in 
a civil war there in 1975 and 
annexed it (he next year. 

Mr. Clinton, who left Indo- 


nesia on Wednesday, raised 
American concerns about East 
Timor, as well as other human 
rights issues, in separate discus- 
sions with President Suharto. 

“We appreciate Clinton’s 
statement that Timorese rights 
have to be recognized,” said 
Domingus Sarmecto Alves, the 
spokesman for the protesters. 
“But we need not just words but 
deeds to solve the problem.” 

He told reporters standing 
outside the embassy’s fence that 
embassy officials had indicated 
they were prepared to make de- 
tailed arrangements for tbdr 
departure, including the provi- 
sion of travel documents and 
transportation to the airport 


He said they had not been given 
a deadline to leave the grounds. 

Officials in East Timor have 
vowed to find those responsible 
for protests carried out in Dili, 
the provincial capital, the week- 
end before the summit meeting. 

“They burned shops, cars 
and stoned other vehicles,” the 
governor of East Timor, Abilo 
Soares, said Wednesday. “Any- 
one found committing criminal 
activity will be punished in ac- 
cordance with the law.” 

pie haifbeen detained since’the 
protests began, but they denied 
accusations made by students 
and residents that they had 
been beaten. 

(AP, Reuters) 


SONY: Japanese Company Adrnite Losses Caused by Forty Into HoByivood 


Continued from Page 1 

production companies. That was one rea- 
son why Sony’s announcement on Thurs- 
day sent a grim message to the financial 
markets and left many analysts discour- 


announcement was made after the 
Tokyo Stock Exchange had closed on 
Thursday. But in New York, where Sony is 
traded in the form of American Deposi- 
tory Receipts, the stock fell S3.625, to 
$54,875. 

Several analysts said they felt they had 
been misled by Sony for giving no hint of 
the dire condition of its movie studios 
before dropping its bomb. 

“It seems like a realistic step, but I 
found the way it was handled highly irri- 
tating,” said Joseph Osha, an analyst here 
with Baring Securities Ltd. “The real prob- 
lem was that even after all this they didn't 
articulate a dear vision for the movie busi- 
ness.” 

Standard & Poor’s Corp. said it was 
considering lowering the rating on $7 bil- 
lion worth of bonds issued by Sony. It said 
the write-off “raises questions as to the 


severity of the problems of the picture 
segment and calls for a reassessment of 
Sony’s overall business profile and long- 
term strategies.” 

Sony also reported Thursday that, in the 
three months to SepL 30, it enjoyed a 3.7 
percent increase in sales from the year 
earlier, to $9.93 billion. Its music and elec- 
tronics businesses produced positive re- 
sults. Sony said, but the huge losses from 
movies produced a net loss of $3-2 billion 
during the period. 

Several analysts said that the biggest 
problem for Sony, and many of the other 
Japanese companies with big U.S. invest- 
ments. was that it was ultimately unable to 
manage its acquisitions. “The purchase it- 
self was not necessarily a mistake, but they 
didn’t know how to run it properly,” said 
Yoshiharu Izumi, an analyst here with 
UBS Securities. 

The difficulties began almost from the 
moment Sony made its controversial pur- 
chase. Shortly after, it hired two successful 
film producers, Jon Peters and Peter 
Guber, to run the studios. 

Legal disputes over their contracts with 


rival companies forced Sony to pay an 
estimated $700 million for their services. 
Despite the cost, Mr. Peters left not long 
afterward, and Mr. Guber departed last 
month with the studios widely understood 
to be in trouble. 

Sony had invested several billion dollars 
bringing in more executives, paying a 
handful to leave, rebuilding some of the 
studio properties and introducing new 
technologies. Even so, the company has 
suffered a string of box office disappoint- 
ments recently, including “Last Action 
Hero,” “m Do Anything,” “Lost in Yon- 
kers" and “Wolf.” 

Sony has reportedly held discussions 
with several other large entertainment and 
media companies, including Tele-Commu- 
nications Iiul, about selling a big interest 
in its Hollywood studios as a way of bring- 
ing in fresh capital, finding able manage- 
ment and sharing the- risks of filmmaking. 

None of those talks have been success- 
ful. But Sony said Thursday that the stu- 
dios would require “significant additional 
investment” before producing reasonable 
profits. 



Djrteo Manuter/Rculcn 

Gerry Adams, the Sinn Fein leader, flanked by Tony Benn, the longtime Labor member 


IRELAND: 

l 

Reynolds Quits : 

Gontimed from Page 1 

government’s failure to act on 
the extradition of the priest, Fa-* 
ther Brendan Smyth, left an a£ 
cused child molester at large m 
Ireland for seven months. 

Eventually, Father. Smyth 
surrendered voluntarily and 
was convicted and sentenced in! 
June to four years in a Northern 
Ireland prison. 1 

The handling of the case by 
Mr. Whdehan, Mr. Reynolds’s 
attorney general, led to the; 
prime minister ’s downfall. At a 
cabinet meeting Friday, Mr. 1 
Reynolds forced the nomina-! 
tion of Mr. Whelehan to the 
presidency of the High Court, 
the country’s second highest ju- 
dicial posL Labor minister^ 
walked out of the meeting in 
protest. 

The appointment put Mr.! 
Whelehan beyond the power of 
Parliament to question him^ 
which Labor had demanded. . 

Labor claimed that Mr. Whe-j 
lehan was negligent in not pro-! 
nassing the extradition. Charges 
that the Catholic hierarchy! 
tried to influence his judgment^ 
to protect the church's image,' 
were denied on Wednesday by, 
Cardinal Cahal Daly, the Pri-* 
mate of Ireland. ! 

On Tuesday, Mr. Reynolds, 
said the attorney general was' 
blameless, ' then changed his! 


of Parliament, in London on Thursday. Mr. Adams said bis party, the political wing of the opinion, saying that Mr. Whebr ' 
Irish Republican Army, was “absolutely committed" to the peace process in Ulster, han had been at fault t ! 


Berlin Sentences ’80s Superspy 


KURDS: War on Sei 


iiaofPKi 


& Strains Turkey’s Relations With Allies 


Continued from Page 1 

tion of Turkey as a land unified by lan- 
guage, faith and national identity. 

It is only in the last few years that the 
government has acknowledged what Presi- 
dent Suleyman Denurd called a “Kurdish 
reality.” Any concession toward Kurdish 
ethnicity, hire the use of the Kurdish lan- 
guage in broadcasting or education, meets 
with strong political and military opposi- 
tion as an erosion of Aiaturk’s notion of 
the state. 

“This trial is not about us; it is about the 
Kurdish identity and the Kurdish prob- 
lem,” said Hatip Dicle, one of eight elected 
Kurdish members of Parliament arrested 
this year on treason charges and accused of 
being a front for the Kurdish Workers 
Party, known as the PKK. He was speak- 
ing at his trial, which is still under way. 

The move against the legislators, includ- 
ing the banning of their political party, the 
Kurdish Democratic Party, reflects the 
government’s urge to deny the separatists 
any political legitimacy. But the clamp- 
down has taken its toll among Turkey’s 
Western allies. 


In September, the U.S. Congress sus- 
pended one-tenth of Turkey’s mili tary aid, 
some $38 million and ordered the State 
Department to investigate Turkey’s record 
both on human rights and the Cyprus 
problem. 

The campaign in the southeast, now 
centered on the snowy, mountainous up-, 
lands of Tunceli province, has increased 
Western fears that basic h uman rights are 
being ignored. 

“In Tunceli, it is the stale that is evacu- 
ating, bunting villages,” Human Rights 
Minister Azimet Koyuoghi said in a news- 
paper interview last month. “Acts of ter- 
rorism in other regions are done by the 
PKK. In Tunceli, it is state terrorism.” In 
all, he said, 600 villages and 790 hamle ts 
had been evacuated. 

While he revised his views under pres- 
sure from the authorities, his words found 
much resonance among the thousands of 
villagers who have been forced out of their 
villages by troops. 

Prime Minister Tansu Ciller says that 
when villages are burned, it is the work of 
guerrillas dressed as government troops. 


“The state does not bum villages,” she 
told members of her True Path Party last 
month, arguing that since the local au- 
thorities in the southeast had authority to 
“evacuate” villages, there “is no need to 
clear these villages by burning them." 

Such is the military’s domination of 
Turkish war policy that the local military 
commander would not allow Deputy 
Prime Minister Murat Karayaldn to visit 
the area to look into reports that villages 
were burned last month. 

The Kurdish Workers Party itself has a 
reputation for brutality, and many West- 
ern governments say it is a terrorist group. 
Diplomats and human rights groups say 
the insurgents have killed villagers and 
burned down their homes to punish th<-m 
for agreeing to take op arms for the gov- 
ernment as village guards. 

For several years now, as winter ap- 
proached, Turkish officials have said that 
they were finally dose to crushing the 
guerrillas. Then, in the spring, the war 
restarted. The current military campaign is 
intended to break the cycle. 


By Rick Atkinson 

Washington Post Service 

BERLIN — Rainer Rupp, 
who for more than a decade 
passed the North Atlantic Trea- 
ty Organization’s most sensitive 
military secrets to the Soviet 
bloc, was convicted Thursday 
of treason and sentenced to 12 
years in prison. 

Mr. Rupp’s British-born 
wife, Ann-Cnristine Rupp, who 
had helped her husband collect 
and photograph top-secret doc- 


uments in the early years of his 
espionage career, also was 
found guilty. She received a 22- 
month suspended jail term 
from a court in Dhsseldorf. 

Mr. Rapp, known to his East 
German handlers by the code 
name Topaz, expressed remorse 
after his sentencing. 

“I realize now that what I did 
was more wrong than I had 
been ready to admit,” said Mr. 
Rupp, 49, nodding once at his 
wife. “1 did wrong, and Tm pre- 
pared to pay for iL” 


The sentence for Mrs. Rupp, 
46, was in line with the punish- 
ment recommended by the fed- 
eral prosecutor. She has been 
free on bail and caring for the 
couple's three young children at 
their home in Western Germa- 

®y- 

The prosecutor had recom- 
mended a 15-year sentence for 
Mr. Rupp, who allegedly was 
viewed by East Berlin and Mos- 
cow as “the Warsaw Pact's per- 
manent representative in 
NATO” 


PAROLE: Leftist Ordered Freed 


RWANDA: Massacre of Tutsi in Village Shores Violence Was Organized 


Co ntinu ed fron Page 1 
dreds were massacred. Villagers 
recalled that a mob of about 
200 people had approached the 
village from the south. Four na- 
tional policemen and several lo- 
cal policemen, who were armed 
with grenades and rifles, pro- 
vided security for the mob. the 
villagers said. 

The mob was led by Mayor 
Ntaganzwa, who was in a truck, 
the villagers said. They said 
they had also recognized a 
school superintendent, the prin- 


cipal of the artisan's school, 
several teachers and some uni- 
versity students in the mob. 

The mayor told Tutsi who 
had gathered for safety on the 
parish grounds that they had 
nothing to worry about, that 
they should even put down their 
staffs. The men did. The police 
began shooting. 

The mob had axes, stones, 
bows and arrows, and spears. 
They began killing Tutsi wher- 
ever they found them — at the 


parish, in their homes, in the 
fields, in schools. 

“They were just like bureau- 
crats,” Mrs. Mukabugabo said. 
“They started every morning at 
seven and quit at five.” 

Because she is Hutu, she was 
spared. But her sister, Ccdle 
Mukaruhama, was married to a 
Tutsi. He was killed. So were 
Mrs. Mukarubama’s two sons, a 
22-year-old seminary student 
and a 15-year-old high school 
student, because children take 
the identity of their father. 


At the end of each day’s kill- 
ing, the killers would return to 
their homes ill the hills, sin ging 
as they went, carrying booty 
they had plundered 

The villagers said several of- 
ficials tried to stop the massa- 
cre. The mayor handed them 
over to the mob and they were 
killed, including the deputy 
mayor, the commune’s treasur- 
er, and the director of an adult 
education program. They were 
Hutu. 


Cortmned frost Page 1 

htical and religious figures have 
also urged her release, as has the 
warden of her jail in LQbeck. 

Although she has refused to 
describe her precise role. Miss 
Mailer was convicted of driving 
one of two automobiles that ex- 
ploded outside the Heidelberg, 
base. 

A Red Army Faction state- 
ment after the attack claimed 
that bombings of American 
bases were acts “against mass 
murder in Vietnam.” Miss 
Mdller, then 25, was arrested 
two months later. 

For several years she was 
kept in dose confinement, al- 
lowed no news of the outside 
world, no visits and no contact 
with other prisoners. More re- 
cently, she has lived with three 
other Red Army Faction pris- 
oners in relatively comfortable 
conditions. 

She is reportedly unwell, suf- 
fering heart and sVin ailments 
as well as various effects of the 
12 hunger strikes she has under- 
taken during her 22 years in 
prison. In occasional interviews 
and statements. Miss Mdller 
has refused to apologize for her 


act and has asserted, “The 
armed struggle was legitimate.” 

She has refused to submit to 
psychological tests that might 
have sped her release, saying 
the tests were based on the as- 
sumption that “anyone who 
dares to attack or resist must 
naturally be sick.” Her celebrity 
in some drdes stems not only 
from her terrorist credentials 
and the length of her jail term, 
but also from the fact that she is 
the only survivor of the “death 
night” in 1977 when three im- 
prisoned Red Army Faction 
leaders died. 

An official investigation de- 
termined that the three bad 
committed suicide. Red Army 
Faction supporters maintain 
that they were murdered. Miss 
Mdller, who survived the 
“death night” despite deep 
chest wounds, has denied the 
wounds were self-inflicted. 


To our loaders in France 

It's never been easier to subscribe 
and save with our new toll free 
service. 

Just call us today at 05-437437 


ITALY: 

No More Votes 

Coathmed from Page 1 

mem is a government and it 
would be a disaster if the gov- 
ernment were to fall,” be told 
reporters. 

“There wiD only be early 
elections if the government is 
not in a position to govern, but 
that is the exact opposite of 
what I want,” he said. 

The prime minister spoke as 
his Northern League partners 
and the opposition joined 
forces in Parliament to defeat a 
key government reform to cut 
the cost of Italy’s hugely indebt- 
ed pensions system. 

Next year's austerity budget, 
designed to reduce the budget 
deficit by 48 trillion lire ($30 
billion), has brought labor-gov- 
ernment relations to their low- 
est point for more than a de- 
cade. 

Tens of thousands of workers 
demonstrated against its effects 
on pensions and health spend- 
ing on Thursday, including 
10,000 in the northern city of 
Turin and an estimated 20,000 
in Florence, where protesters 
occupied the main railroad sta- 
tion. 


Kohl Keeps 
S talwarts of 
His Cabinet 


Reuters 

BONN — Chancellor Hel j 
mut Kohl appointed a cabinet 
Thursday to serve during his 
fourth term, leaving major port- 
folios unchanged and naming & 
28 -year-old East German as 
Bonn’s youngest-ever minister.. 

The key pillars of his center- 
right coalition. Finance Minis- 
ter Thco Waigel and Foreign 
Minister Klaus KinkeL, retained 
their posts after the Oct 16 gen- 
eral election that slashed Mr. 1 
Kohl’s oncc-Iarge majority to 
only 10 seats. 

Economics Minister Gunter 
Rexrodt also kept his seat de- 
spite criticism of his record 
from his own Free Democratic 
Party and Mr. Kohl’s Christian 
Democrats, the biggest partner 
in the 12-year-old coalition. 

Two new faces were among 
the 16 ministers who took their 
oaths of office in Parliament on 
Thursday, two days after Mr. 
Kohl was formally re-appoint* k 
ed chancellor by the lower 
bouse. ' 

Claudia Nolle, 28, an East 
German, was named to head 
the Ministry for Family, Se- 
niors, Women and Youth Is-‘ 
sues; it was the only real sur- 
prise from Mr. Kohl after a 
month of negotiations within 
his coalition. Mr. Kohl said he 
chose her because of her reputa-; 
tion as a dynamic organizer and' 
because he wanted more worn- 
en and more East Germans in 
the cabinet. 

The^ Christian Democratic 
Union's parliamentary whip,' 
JQrgen Rtittgers, 43, was named 
to head a ministry mer ging the 
old portfolios for education and 
research. 



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Panama 

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Wanted: A Homo for an Ex -Governor ~ 

10 1* for Governor 

! ' u. p ®‘ Governor Jim Flono called me vesterdav ’* 
fom^N™ 0 ? plained 10 a ra dio interviewer. referring to the 

u Wh ? Wa t voled out of ° m “ i" 
firliiv r£ S ^ So , Mano ’ wha t s to be. here?' I said I think 
£ w 10 ■»!*■ J^acy. Jan. 1 , 1 don't have a place 

' S^plovM l£S?fi b - 1 m g ° ing to * the homeless. 
.ZaS JT ,2 ’ year governor in the historv of the 
Sdi ^P^my^lfail huddled, freeing on a 
SfS you kn p w ’ chilling my tush, telling some guv 

ESfESSfi S f0wth ° f ' l-ri. ■' wan, to S go ,o ,S 

d J£. «* or course. Bui 10 days after his 

dtfeat by Governor-elect George Pataki. Mr. Cuomo still has 

once KSSdSff he Mn »r how he null earn a hving 

Tbe End of a Cottage Industry? 

t hrrm re ? nce th . e Republicans take control of 
the puree strings, federal agencies may find it difficult, if not 

JJ2225™ l ° P° n!mu c Paying outsiders to come in and give 
f tra imng sessions to workers. Ethnic and cultural 
diversity^ training has become a cottage industry here. Both 
old-line training companies and new outfits have developed 
programs few agencies feel equipped to handle, but because 
the programs have been mandated by the White House, 
agencies must find ways to pay for them. 

Conversations with many workers indicated their evalua- 
■ »? nS j 5 ' *“ e ^iniug sessions range from excellent to the 
absurd. The Federal Aviation Administration paid big bucks 
*<x«pp*ny to conduct workshops for 4,000 employees in 
;»ie Midwest. At one of the workshops, male employees were 
forced to run a gauntlet of women. One participant said the 
women were told to “show the men what it was like at 
Tail hook/ the navy convention in Las Vegas where several 
female officers said they were manhandled. ( WP ) 


Watch It! Guana is No Laughing Matter 


WASHINGTON — It’s bad enough for President Bill 
Clinton that he lost Congress and his own re-election is 
looking shaky. Now comes word that 1 50,000 Guamanians 
are upset at the administration as well, thanks to the national 
security adviser, W. Anthony Lake, and the National Eco- 
nomic Council boss, Robert E. Rubin. 

The two met with reporters last week to talk about the 
Asian-Pacific Economic Cooperation meeting that Mr. Clin- 
ton attended this week. A reporter asked about the possibility 
that Guam, a U.S. territory, might be admitted to the 18- 
roember group. Mr. Lake and Mr. Rubin, according to an 
account in the Pacific Daily News, laughed heartily. 

Guam's Republican governor, Joseph F. Ada, fired off an 
angry letter to Mr. Clinton demanding that Mr. Lake and 
Mr. Rubin be fired unless both apologized. Demonstrators 
blocked roads leading to the U.S. Navy base in Guam. 

A Guam delegate, Robert A. Underwood, who is a Demo- 
crat, said he-called Mr. Lake in Jakarta on Monday to tell 
him of the seriousness of the situation. An hour later the 
White House sent over a letter from Mr. Lake and Mr. Rubin 
calling the matter “what appears to be an unfortunate misun- 
derstanding.” ( WP) 


Quote/Unquote 


Senator Thad Cochran, Republican of Mississippi, on the 
■legislative agenda being prepared by Republican Senators: 
‘‘We’re here to let you know that we are beginning to work to 
coordinate the development of that agenda, and we’re trying 
to rise to the challenge of making sure that the people get 
what they verted for in the elections.” (AP) 


INTERNATIONAL HERALD TRIBUNE, FRIDAY, NOVEMBER 18, 1994 


Page 5 


Senate Sage, Now Home, Tolls Demise of 2-Party System 


By Sara Howe Verhovek 

New York Tima Service 

NORMAN, Oklahoma — Senator David L. 
Boren erf 1 Oklahoma is one of dozens of Demo- 
crats leaving Congress. In his case, however, the 
verdict came not from disgruntled voters, but 
from a disgruntled David Boren. 

As he officially retires this week, with more 
than two years left in his Senate term, to become 
president of the University of Oklahoma, Mr. 
Boren, a conservative Democrat, is already using 
his new academic perch to offer a bleak assess- 
ment of the prospects for two-party government 
in the United States' near future. In fact, he 
predicts that Americans are likely to elect an 
independent presidential candidate within a 
decade. 

‘The real anger in this country comes from the 
center,” Mr. Boren said in an interview here. 

“The people in the center are disenfranchised, 
and they’re feeling more and more cut off from 


both parties as they become more extreme.” he 
said. 

“I think this is the beginning of a period of 
great political turmoil in the country, not the end 
of it,” added Mr. Boren, who served 16 years in 
the Senate and who, either through prescience or 
disloyalty, or both, warned as early as a year and 
a hau ago of the debacle that would befall his 
party in the midterm election this year. 

The Democrats ignored his warning, and last 
week the Republicans seized control of both the 
Senate and the House. 

Here in Oklahoma, a 5-lo-3 Democratic edge 
in the state's congressional delegation turned 
overnight to a 7-to-l margin for the Republicans. 

But Mr. Boren takes issue with analysts who 
say the election marked a shift in the electorate 
to Republicans. Rather, he calls it a potential last 
desperate fling with the traditional two-party 
system. 

“1 think there's a great likelihood that there 


will be a centrist independent political move- 
ment in this country,” he said 

T think there's a great likelihood that there 
wiB probably be a centrist independent president 
in this country in the next 10 years.” 

Coining from a Democrat who bas occasional- 
ly been an important voice in his party in Wash- 
ington, Mr. Boren’s comments about the Demo- 
crats' future were strikingly harsh, as was his 
assessment of President Bill Clinton, who he said 
should give “serious consideration” to stepping 
aside and letting smother Democrat have the 
nomination in 1996 if his public standing did not 
improve. 

Mr. Boren opposed Mr. Clinton vociferously 
in last year's battle over the budget, and his 
opposition earned him the enmity of die White 
House. The senator complained that the fiscal 
proposals included more taxes and fewer spend- 
ing cuts than the American people wanted and 
maintained that it was Mr. Clinton who was 


Kantor Offers to Debate Perot 

White House Scrambles for Trade Pact Votes 



betraying moderate Democratic principles. 

“He miss ed the opportunity to really be a New 
Democrat, to chart a centrist, J* in< jf ra f tlC 
course," Mr. Boren said. “And the difficulty for 
him now is that if he becomes more bipartisan or 
moderate, be‘s still going to have a very hard ume 
convincing the American people that s who he 
really is. They'll just say, ‘Well, he had to; look at 
the election results.* ’’ . 

The 53-year-old senator said he had made a 
long-term commitment to the university here 
that he was as eager to fulfill as he was frustrated 
by his Final years in Washington. 

“I decided at the end of the day,” be said, u I 
put in a 12-hour day as president of the Universi- 
ty of Oklahoma. I would feel I had done some- 
thing more constructive, more effective, more 
important to the country, really, in terms of 
results, than if I bad put in 12 hours a day mainly 
arguing, not solving problems, but mainly argu- 
ing with my colleagues in the Senate.” 




By Paul F. Horvitz. 

International Herald Tribune 

WASHINGTON — Under pressure to find as 
many as five more Senate votes to ratify a global 
trade accord, the senior U.S. trade official, Mick- 
ey Kantor. expressed his willingness Thursday to 
debate the volatile issue with Ross PeroL 

The challenge was reminiscent of a pivotal 
televised debate last year between Mr. Perot and 
Vice President A1 Gore over another trade ac- 
cord, the North American Free Trade Agree- 
ment. At the lime, Mr. Gore's performance was 
credited with delivering a narrow victory for 
NAFTA in the Senate. 

It is unclear whether the debate on global 
tariff reductions under GATT, the General 
Agreement on Tariffs and Trade, will be held. 
Mr. Perot, the Dallas businessman who ran for 
president in 1992. says he wants to lake politics 
out of the process and would prefer that Mr. 
Kantor debate Pat Choate, a scholar who has 
advised Mr. Perot on trade issues and who wrote 
a book for the Perot forces criticizing NAFTA. 

Mr. Kantor is not inclined to debate Mr. 


Choate, but he is “very willing” to go head-to- 
head with Mr. Perot, a spokesman for Mr. Kan- 
tor said. 

The White House acknowledged Thursday 
that it was three to five votes short of the 60 votes 
it will need in the Senate to ratify the GATT 
accord, which would lower tariffs worldwide and 
create a new body, the World Trade Organiza- 
tion, to adjudicate disputes. 

The White House chief of staff, Leon E. Panet- 
ta. said, “We’ve got some work to do," but he 
added he was “hopeful” about the final outcome. 

Ratification votes are scheduled for Nov. 29 in 
the House of Representatives and Dec. I in the 
Senate. 

From all appearances, the White House is now 
scrambling to satisfy the demands of the Repub- 
lican leader in the Senate, Bob Dole of Kansas, 
who is wavering on support for GATT. 

In the NAFTA confrontation, one White 
House goal was to bring along enough Demo- 
cratic votes so that Republicans alone could not 
be blamed if NAFTA proved a bad deal for the 
U.S. economy. 


to 







John Dunda/Thc Awmaiod Pitu 

Senator Bob Packwood, left, and Mickey Kantor at a world trade pact briefing. 


A similar dynamic now appears to be at play, 
as some key Democratic senators have not yet 
committed to voting for the 123-nation GATT 
accord. 

In addition, the White House reportedly wants 
to convey to Mr. Dole's own constituents in 
Kansas why the GATT agree mem will not un- 


dermine U.S. sovereignty on trade issues, as Mr. 
Dole fears. Under implementing legislation, the 
United States could pull out of the World Trade 
Organization with six months' notice and Con- 
gress can review its ratification after five years. 
But Mr. Dole says he wants separate assurances 
that Washington could drop out. 


Clinton Seeks a ‘Third Way’ Out of Squeeze on School Prayer 


By Ann Devroy 

Washington Post Service 

WASHINGTON — President BUI Clinton’s 
conciliatory reaction to Republican proposals 
for school prayer was directed not at a constitu- 
tional amendment, but at legislation that would 
promote a neutral “moment of reflection'' during 
the school day, his aides say. 

Mr. Clinton drew no such distinction when he 
was asked Tuesday about a proposal by Repre- 
sentative Newt Gingrich, Republican of Georgia 
and the presumptive House speaker, for hearings 
on a constitutional amendment on school prayer 
and passage in Congress by the Fourth of July. 

The president suggested he would not oppose 


such an amendment, saying he wanted to reserve 
judgment. “I certainly wouldn't rule it out. It 
depends on what it says." 

The White House said Wednesday, however, 
that it is not an amendment that Mr. Clinton 
supports, but some other way to allow for volun- 
tary prayer. Mr. Clinton, aides said, was not fully 
understood. 

Noting that an amendment would take several 
years to pass, and would be sharply opposed by 
civil rights and many religious groups, aides said 
Mr. Clinton was seeking far more neutral legisla- 
tion. In characteristic fashion, the president is 
seeking what his aides call “a third way." neither 


the traditional liberal nor traditional conserva- 
tive approach to the school prayer issue. 

The White House counsel's office has been 
looking at laws in several states that provide for a 
moment of reflection or of silence at schools, and 
at a Supreme Court decision on the issue. The 
goal is a Clinton proposal that would satisfy the 
righL without outraging the left, while still getting 
past the high court. 

Administration officials said Wednesday that 
although the Supreme Court had also ruled that 
moments of silence for prayer were unconstitu- 
tional. it has left open me door to moments of 
silence that are not designated as time for prayer. 

ft is unclear that approach would satisfy con- 


servatives. Tony Blankley, a spokesman for Mr. 
Gingrich, said: “1 think we are looking at volun- 
tary school prayer. Not voluntary silence.” 

Civil liberties groups reacted in horror after 
the president's comments on prayer Tuesday in 
Jakarta, while he was at a summit meeting of 
Pacific Basin countries. 

The idea of a moment of silence, as opposed to 
prayer, is less alarming to such groups. Leslie 
Harris, director of public policy of the liberal 
People for the American Way. said: “If it is done 
the right way. it is probably constitutional. 
Whether it is wise is something that we would 
have to consider." 



divm 

; Cm 


arW 


House Democrats Vow to Fight Extremism 


By Robert Pear 

New York Tima Service . . 

WASHINGTON — Demo- 
crats said Thursday that parts 
of Newt Gingrich’s conserva- 
tive agenda for America 
of political extremism, 
an/t they vowed to resist many 
of his proposals in the new Con- 
gress. • 

Representative David E. 
Bonior of Michigan, the House 
D emo cratic whip, said the Re- 
publicans undoubtedly “have 
the votes to do what they want 
on many, many issues”. 

. But he said that Mr. Ging- 
rich, who is in line to become 


speaker of the House, and many 
other Republicans were advo- 
cating extreme conservative po- 
sitions on welfare, taxes, school 
prayer, civil rights and other 
topics. 

Mr. Bonior said that Mr. 
Gingrich was pushing “an ex- 
treme agenda” for the first 100 
days of the next Congress, 
winch convenes Jan. 4, and he 
said there would be no “rush to 
judgment” mi it 

“One hundred days is awful- 
ly fast for an agenda that deals 
with issues and constitutional 
questions of this magnitude,” 
Mr. Barrier said. 


Senator Christopher J. Dodd. 
Democrat of Connecticut, said 
the defeat of scores of Demo- 
crats across the country in elec- 
tions last week was a mandate 
far change, but “not a mandate 
for extremism.” 

In September and October, 
Congressional Democrats re- 
peatedly denounced Mr. Ging- 
rich aad other Republicans as 
obstructionists because they 
prevented the Democratic ma- 
jority from passing bills favored 
by President Bill Clinton. But 
Thursday the Democrats said 


dural protections available to 


them in their new status as the 
minority party in both House 
and Senate. 

“When we think we are being 
stampeded, when we think we 
are being abused, we will use 
the tactics needed to make our 
point,” Mr. Bonior said. 

He said it was the height of 
arrogance and hypocrisy for 
Mr. Gingrich to propose abol- 
ishing the House ethics commit- 
tee at a time when thepanel was 
investigating Mr. Gingrich’s 
use of a Republican political 
group to finance a college 
course he taught in Georgia last 
year. 


Gingrich Plans to Scrap 3 House Panels 


By Adam Clymer 

New York Tima Service 

WASHINGTON -7 Repre- 
sentative Newt Gingrich, soon 
to be the speaker, says that Re- 
publicans will abolish at least 
three House committees, and he 
has disclosed several choices for 
chairmanship s that drip over 
seniority for- three important 
posts. , 

The committees to pc 
scrapped — Merchant Marine 
and Fisheries, Post Office and 
Gvfl Service, and the District of 
Columbia — all have had long 
histories but control issues that 
ate no longer of great impor- 
tance to the House. 

. Abolishing committees was a 
central promise in the Republi- 
cans* “Contract With Ameri- 
ca,” and eliminating these three 
is a first though modest step 
toward the promise of cutting 
House staffs by a least a third, 
there are 20 committees left 


Acting swiftly to put his own 
s tamp an the organization of 
the House, Mr. Gingrich chose 
activity over years of service 
avoided ideology- while 
ch anging some lawmakers not 
knownfor personal loyalty to 
him. 

Representative Henry J. 
Hyde of Illinois, leader of anti- 
abortion forces in the House 
and a sometime critic of Mr. 
Gingrich’s combative style, will 
b ero*™* nhwirman of the Judi- 
ciary Committee, bypassing 
Representative Carlos J. Moor- 
head of Calif orma. 

Mr. Moorhead, who is also 

second-ranking among Repub- 
licans on the Energy and Com- 
merce Committee, will be by- 
passed there for Representative 
Thomas J. Bliley Jr. of Virginia, 
who has vowed to protect the 
tobacco industry from further 
federal regulatory efforts. 

On the Appropriations Com- 


mittee, Mr. Gingrich and the 
other House Republican lead- 
ers readied down to the fifth- 
ranking party member. Repre- 
sentative Robert L. Livingston 
of Louisiana, to be acting com- 
mittee chairman. 

There was no visible ideologi- 
cal dimension to the choices of 
these lawmakers, all quite con- 
servative; nor to the selection of 
three prominent moderates. 
Representatives Benjamin A. 
O ilman of New York to head 
the Foreign Affairs Committee, 
Jim Leach of Iowa to head the 
Banking , Finance and Urban 
Affairs Committee, and Wil- 
liam F. Goodfing of Pennsylva- 
nia to lead the Education and 
Labor Committee. 

An even more striking choice 
was that of Representative Ger- 
ald B. Solomon of New York to 
head the Rules Committee. Mr. 
Solomon had briefly challenged 
Mr. Gingrich for the position of 


Republican whip, but the 

speaker-presumptive said 
Wednesday: “He had a right to 
run. 1 picked Solomon because 
be had done an excellent job as 
ranking member.” 

Mr. Solomon said in a brief 
interview that he would make 
sure that, unlike the Democrats, 
he would lead “a Rules Com- 
mittee that is fair.” 

He added that when the 
House convened Jan. 4, he 
would introduce a package of 
rules that would limit commit- 
tee chairmen to six years in of- 
fice, ban proCT voting and re- 
quire a three- fifths vote to raise 
taxes. 

The choices, whose ratifica- 
tion by the full Republican cau- 
cus next month is expected 
without difficulty, appeared to 
fulfill Mr. Gingrich’s promise 
to avoid ideology but seek out 
activity and commitment to the 
party program- 


CBS Reprimands Star Reporter Over Secret Taping 

; ■ s-sset-s jsposcs&s 

caf-r'e nffirti. ambushm* assorted bad buys. 


I By Howard Kurtz „ - . . - . _ 

1 ********* Jtoorin Moriey Safer's office, amtastang assorted bad guys, 

• 000 . . .the highly rated newsmagazine 

\ WASHINGTON — CBS “The surreptitious tapmg ^ad used the technique 

News has reprimanded Mike was a violation of CBS News a feflow journalist He 

[Wallace, one of its most promi- standards,” Enc Ober, presi- ^ he had personally rqwi- 
mmnn-i urn Vim- j • PRs News, sal CL i_j w. I v;- 


rdid not dispute the agreed. Mr. Ober said the tape 
_jii after 25 years of would be destroyed, 
ambushing assorted bad guys, Mr. Waite acknowledged 
the highly rated newsmagazine that he was uncomfortable 
ohn wnad u se d the tftCib n iq |1R about the hidden cameras. 

fellaw journalist He “I was promised that nothing 


free-lance 


• The writer, Karon Haller, 
tad gone to Mr. Wallaces of- 
fice two weeks ago to MpJj® 

;«ith a story 


The Wasmugion rosu „ ... , 

vidatiOT ^ journalistic ethics. Ms. HaDo-Md she ws reluc- 

stsss SB 3S«ps 


was wrong. 

Ms. Haller said Wednesday 
she had no idea Mr. Wallace 


;with a st^she bad covered are But, she added: 

about assisted ^Suit was strange that be 

talked, Ms. Haller, u*odid wt . unoug^^ on ^ 

hands and face and it was only 

3?arSS- J ,0:30 in «be morning. 


would be hysterical.” 

Before speaking with Mr. 
Ober, Mr. Wallace aad Mr. An- 
derson insisted in telephone in- 
terviews that they had done 
nothing wrong and that they 
still might, use the hidden -cam- 
era footage if Ms. Haller 


said he had called Ms. Haller 
and apologized. 

Undercover investigations 
uring hidden cameras have be- 
come increasingly popular on 
the network shows. But Mr. 
Ober said such cameras are 
“overused" and that “60 Min- 
utes," which pioneered the 
technique, has been using it 
sparingly. 


INTERNATIONAL NEWS 
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Page 6 


INTERNATIONAL HERALD 


Canada Moves Away From U. S. on Foreign Policy Goals 


By Charles Trueheart 

Washington Paa Service 

OTTAWA — After a year in office. Prime 
Minis ter Jean Chrftiea is crafting a Canadian 
foreign policy that politely distances itself from 
the United States and reorders its diplomatic 
priorities around new overseas markets for Ca- 
nadian businesses. . 

As it shifts its emphasis from the geopolitical 
to the commercial, the Can adian government is 
quietly moving away from a decade of serving as 
Washington’s reliable second in global affairs. 
And it is serving notice that its co mm it m ent to 
multilateral institutions, notably international 
p eaceke epin g efforts, is not inexhaustible. 

Mr. Chretien is known for casting his coun- 
try’s relations with the United Slates in pragmat- 
ic terms: “Friendship is friendship, ana business 
is business," he likes to say, uncoupling the two. 

The Liberal Party prune minister has just 
dramatized his government’s new approach by 
leading s rfwiagatin n of 400 political and business 
l ea ders on a trade mission to China that yielded 
more than $6 billion in tentative contracts with 
f madian companies — a quarter of that in a 
single deal for two heavy-water nuclear reactors. 

Asia and Latin America are explicitly the 
targets of economic opportunity and thus politi- 
cal priority in this emerging strategy. After at- 
tending the Asia-Pacific Economic Cooperation 
fommrn Jakarta, Mr. Chretien traveled to Hanoi 


to open Canada’s new embassy in Vietnam, an- 
other promising Asian market 

This pragmatic tack reflects the reality that 
economic problems, notably high unemploy- 
ment and crowded welfare rolls, are creating 
public demand forjob-orieuted foreign relations. 

Canadian budget-deficit pressures make a re- 

NEWS ANALYSIS 

casting of alliances with the United States and 
Europe necessary, and the relaxation of the glob- 
al nudear threat makes it possible. 

A parliamentary report released this week, one 
of the cornerstones of a comprehensive review of 
Canadian defense and foreign policy, struck 
some of the same independent notes. 

The U.S. -C anadian tree-trade agreement “has 
done nothing to reduce the vulnerability of an 
economy that has so many eggs in the American 
basket,* the Liberal report said, urging the gov- 
ernment to form ad hoc coalitions and bolster 
multilateral institntions to blunt U. S. 
“ unilateralism " 

Such a shift would signal, at least rhetorically, 
an end to what critics Imre have called the 
“camp-followership” of the former Conservative 
government of Brian Mulroney, who led Canada 
from 1984 to 1993. Mr. Chrfetien and Mr. Clinton 
have met, but neither has yet been host to an 
official visit by the other. 


Jcan-Robert Gauthier, the member of Parlia- 
ment who co-chaired the foreign- policy review, 
said that the United States “is our best customer, 
our good friend and good neighbor, but in a 
changing world we have to expand our clientele 
and try to create new markets.” 

Addressing Canada’s longstanding complaints 
that the United States is acting unfairly in bilat- 
eral trade disputes over softwood lumber, wheat 
and other commodities, Mr. Gauthier said that if 
U. S. “harassment persists, we suggest we look at 
all opt ions, and one of them is abrogating 
NAFTA." the North Ameri can Free Trade 
Agreement that lints r* anaHa the United States 
and Mexico. “We want a world governed by rules 
and not by power.” 

While o fficials continue to stress the govern- 
ment’s commitment to peacekeeping, this most 
visible contribution to world order is proving 
expensive and unwieldy. The searing experience 
of 2,000 Canadian troops under fire in Bosnia for 
tiie past few years has injected a note of caution 
into the official embrace of peacekeeping mis- 
sions. The torture-killing of a teenage Somali 
thief by Canadian peacekeepers also left a bitter 
taste with many Canadians. 

The foreign-policy report repeated calls from 
Canadian officials for carrying out the missions 
more selectively, and whenever possible under 
the auspices of regional security organizations. 


A companion defense report issued two weeks 

ago suggests the budgetary pressures Mr. Chre- 
tien faces to limit Canadian military spending 
currently almost 58 billion, or 7 percent of the 
federal budget. That report proposed cutting 
civilian defense staff, harmonizing the three ser- 
vices and possibly scrapping a squadron of ex- 
pensive F-18 fighter aircraft considered to be 
outdated Cold War technology. 

As the government continues to reorder its 
priorities, Canada’s participation “the North 
American Air Defense Command wfll be under 
review, as wfll Canadian acquiescence to U. 
cruise-missile testing here. 

Canadian analysts reading the reports and the 
signals from the prime minister cautioned that 
the United States inevitably remains Canada s 
most important foreign-policy pnonty, cot least 
because the two countries are each other s largest 

^^^onS^^hSgton-bashing is a LJ beral 
Party tradition. But Mr. Chretien’s actual behav- 
ior in office —signing the NAFTA agreement he 
had campaigned to revise and permitting U. b- 
cruise-missile testing in Alberta last winter 
indicated to one capital analyst how purely sym- 
bolic the rhetoric is. 

“I have not seen the issue yet where C anad a 
has things difficult for Washington, said 
Jeff Sallot, diplomatic correspondent of the 

Globe and Mafl newspaper, in an interview. 


Angolan Rebels 

Halt Peace Talks 

UNITA Accuses Government 
Of Breaching New Cease-Fire 




Ukraine’s Assent on Arms Caps U.S. Effort on ‘Loose Nukes’ 


By Joseph Fitchett 

International Herald Tribune 

WASHINGTON — Clinton administration 
officials on Thursday hailed the decision by 
Ukraine to join the Nudear Nonproliferation 
Treaty as a major breakthrough in the challenge 
of preventing more stales from acquiring nudear 
weapons. 

It capped an American-led campaign over the 
last two years to persuade the three states around 
Russia that inherited strategic Soviet nudear 
weapons to get rid of them. 

Besides preventing the emergence of a new 
nudear nation from the breakup of the Soviet 
Union, a Clinton administration official said, “it 
helps with the problem of loose nukes' by open- 
ing the way to getting inspectors in there,” a 
reference to Russia as wefl as Ukraine. 

Until Kiev ratified the nonproliferation treaty, 
Russia refused to implement the START treaty 
that provided for the destruction of thousands of 
U.S. and Soviet nudear weapons. Belarus and 
Kazakhstan, the two other countries with Soviet 
missiles, have already ratified the treaty. 


Ukraine was a harder sell for Western diplo- 
mats because its strong pro-nudear lobby argued 
that the windfall of a nudear arsenal, even 
thmigh Ukraine lacked any means to fire the 
missiles, might help in deterring neighboring 
Russia. The missiles also gave the Kiev govern- 
ment leverage in dealing with Moscow, Washing- 
ton and other Western capitals. 

By accepting the treaty, Ukraine will signifi- 
cantly improve its claim to be considered an 
especially cooperative prospective East Europe- 
an partner for the European Union and the 
North Atlantic Treaty Organization. U.S. offi- 
cials said. 

As one official put it, “Kiev needs to have its 
voice heard above the babble” of developments 
in the confederation of farmer Soviet republics, 
mainly because the tensions in Ukraine’s rela- 
tions with Moscow have the potential for causing 
wider problems in Europe. 

As part of the treaty deal, Ukraine will get 
reassurances about its security from the United 
States in the form of pledges of support against 
any attempt at economic coercion or threat by 


overwhelming conventional forces. Washington 
and Moscow will also give so-called negative 
security guarantees promising not to use nudear 
weapons against other. 

In contrast, secret provisions figured in the 
recent U.S. deal halting North Korea’s nud ear- 
weapons program, an even tougher challenge 
than Ukraine because the North Koreans pos- 
sessed the materials and engineers to build their 
own nudear warheads and missiles to deliver 
them, U5. specialists said. 

That assessment emerged at a conference of 
U.S. policymakers and international specialists 
analyzing recent efforts to dissuade countries 
from building nudear, bacteriological or chemi- 
cal weapons and prepare U.S. and allied forces to 
combat aiw country that does. The meeting was 
held at the National Defense University in 
Washington. 

The treaty deal will be formally sealed early 
next month in Budapest at a summit meeting on 
European stability to be attended by President 
Bill Clinton. 


Mr. din ton can be expected to die the deal 
with Ukraine as a major foreign-policy accom- 
plishment, which was maneuvered onto the 
home stretch last January by a three-way accord 
to start eliminating warheads ahead of the final 
agreement. 

As a result, Ukraine has already dismantled 
400 w arheads — twice the number that had been 
expected at this point — from its SS-24 missiles, 
a mobile, multiwarhead model considered the 
most dangerous weapon in the Soviet arsenal 
inherited by Ukraine. 

Initially, arms control specialists had feared 
that these weapons might be last to be eliminated 
bec a 1 "”, under the terms of the START-1 treaty’, 
Ukraine could have gotten rid of older missiles, 
including SS-19s, as it started cutting down on 
the 3,000 warheads on its soft. 

But President Leonid Kuchma has told the 
Clinton administration ahead of his Washington 
visit next week that Ukraine has started its denu- 
clearization program with the SS-24s and the 
nuclear-tipped cruise missiles that can be mount- 
ed on heavy bombers. 


The Assodand Press 

LUANDA, Angola — 
UN IT A rebels suspended 
peace talks Thursday, accus- 
ing government troops of vi- 
olating an hours-old cease- 
fire with major offensives in 
northern and central Ango- 
la. The government, howev- 
er, said all fighting had 
stopped- 

The insurgents walked out 
of the talks in Lusaka, Zam- 
bia, renewing appeals for 
rapid deployment of UN ob- 
servers to monitor the truce 
that took effect Wednesday 
night. 

The truce was the first 
step toward ending 19 years 
of civil war through a peace 
treaty that was to be signed 
by President Josfc Eduardo 
dos Santos and the rebel 
leader, Jonas Savimbi, on 
Sunday in Lusaka 

Rebel and government of- 
ficials meeting there had 
agreed in overnight talks on 
how to implement a perma- 
nent cease-fire, UN media- 
tors said. 

But following the allega- 
tions of continuing fighting, 
the rebel delegation left the 
talks to confer by telephone 
with UNITA’s leadership. 

General Eugenio Manu- 
vakoia, heading the delega- 
tion for the National Union 
for the Total Independence 
of Angola, told Portuguese 
radio that nego tiations were 
temporarily suspended. 

A statement released by 
UNITA’s delegation in Lis- 
bon, accused government 
troops of continuing a “gen- 
eral offensive across the 
country.” 


But a Defense Ministry 
spokesman in Luanda said 
there had been no truce vio- 
lations by either side. 

There was no independent 
confirmation of dither side’s 
claims. 

The government’s chief of 
staff. General Joao de Ma- 
tos, had ordered his troops 
Wednesday to respect the 
cease-fire “scrupulously ” 

The government com- 
mander of the main, south- 
ern front said his men would 
obey orders. 

“We are maintaining our 
positions and not advanc- 
ing,” said Brigadier Macedo 
Amard. 

The Defense Ministry 
spokesman said that “many 
hours before” the truce 
kicked in, government 
troops seized the northern-, 
city of Uige, the last provin- 
cial capital under UNITA 
cont rol, and Negaje, site of a 
major air base. 

The UNITA statement 
claimed control of Uige. 
Government troops were 
still 40 kilometers outside 
the city, it said. 

General Manuvakola said 
peace could be salvaged 
thro ugh “more involvement 
and determination by the in- 
ternational community and 
the mediators,” such as by 
deploying UN monitors. 

The rebels alleged other 
government attacks in 
northern Zaire and central 
Huambo provinces and said 
the offensives were prevent- 
ing a UNITA delegation 
from leaving Angola for 
Sunday’s signing. 


Mandela Signs Law Allowing Blacks to Claim Seized Land 


The Associated Press 

CAPE TOWN — President 
Nelson Mandela signed a law 
Thursday that allows blacks to 
make claims for land taken 
from them under apartheid. 

The land restitution act is 
considered the first major piece 
of legislation aimed at reversing 


apartheid after the victory of 
the black-led African National 
Congress in South Africa’s first 
all-race election, in ApriL 
It targets a series or measures 
beginning with the 1913 Land 
Act, which said the black ma- 
jority could own land in only 10 
percent of the country. The act 
led to the forced moves of thou- 


sands of hl»rfr, mixed-race and meat cl aims and mediate dis- 
Indian families all over the putes. Claims the commission 
country. cannot settle would go to a land 

Under the new law, people c HjPf fjj*. - afnnno , 
ci. i - ,l_ h e l tie land issue is among the 

an ffle clarms for the return of most V0Sl ^ p J hdd 

South Africa, with white faim- 
It provides for a Commission era fearing die new black-led 
on the Restitution of Land government will take land with- 


the forced moves of thou- Rights that would help docu- out compensation. 



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INTERNATIONAL HERALD TRIBUNE, FRIDAY, NOVEMBER 18, 1994 


REAL ESTATE MARKETPLACE 




vAjrawa,B.c 

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FfettgaMoOi 


REAL ESTATE 
FOR SALE 



3 JOHN 
TAYLOR 




ST. KITTS, 

„ WEST INDIES 

aJfigfcaisS 

& i Qt abatenc*. Moot* Beach 

TeL NYC, USA 
(212) 888-7555 

(212) 371-9133 


LQfltE VAUEY Near Qmmkc» 


i Wbj. Many mrtvMrtgs, camoher s 
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Tel/ Fas (+33-1) 45 51 VT3I 




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35*15 tew 

vd atcie. BhUm cotb 
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Genmny Fat (494m72937) 







MARBBIA/ESTEPONA 

Domon Beach Inr mmc m Package 
Luamaly fitted 2-bedroom apartment s , 
air canmnmg. central hetaig. marble 
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qmd sole J1 15.000 each. 

Ccfl Kridni Snkefy • 

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M 34 5 2810102 Fax 2817788 


'I'.TKr ,v.i ; /.■ 


D2 90 Fro; 1331 72 00 95 20 ' 

CAMS, Luxuncu renovated 95 iqm. floors, 
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SI Mantoritart, 04-121 1 Gmh 2 
Tal 4122-734 15 4A lw 734 12 20 


PANAMA 


MAGNIRCBff WATBOVONT Estate 
2100 acres + prwiw 125 acre Blond. 
TAX Ht££ S38 mFqx +331 -39696197 


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rixunafifTW 


NYDtt East 60s 7 SOOMS 

PRIVATE 51 FLOOR 
PENTHOUSE CONDO 

Sore opport u nity! One of NTs men 
tmque haras m tap «*we g low 
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3 loader bedreOBs, 45 marble baths, 
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Iff cetbnas, eemrd tar condtoMd. 
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Nfc K®« 212-391-7050 

DOUGLAS RUMAN 



201-861-6777 

OPEN? DAYS FAX. 201-8614677 


ms 


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BEAUURJ SUR MB 
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AZUR AGENCE FRANCE 

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f Ivory House 

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London 

spacious 1/2 bed apartments to rent unfunded 
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• Car parking 



DUNCAN ALLENI 

, 

TeL- 07 1 -407-2790 
Fat 07M07.-3275 


Td. 071-589-1333 
Fat: 071-589-1171 


Barbados - St. James 
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One storey vfla tor Bda with two 
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Page 8 


Hcralb 


INTERNATIONAL 



(tribune 


PUBI JSIIKO WITH THK !NEW TORK TIMES ANU THt WASHINGTON POST 


Trade, Rights, Politics 


With the Pacific agreement to move to 
free trade, the United States bas made 
important progress in a cause that it has 
vigorously supported for half a century. 


Trade has contributed mightily to rising 
prosperity in America and throughout 
the world But the meeting in Indonesia 


also heard less eagerly, about another 
long-standing American cause, human 
rights, that most Asian governments con- 
sider unrelated to economics. 

Americans do not consider them unre- 
lated and are uneasy about close com- 
mercial relations with despotisms. That 
will be, necessarily and properly, a con- 
tinuing source of tension In the trade 
alliance that is now taking shape as the 
Asia-Pacific Economic Cooperation fo- 
rum. The American government will con- 
tinue to try to link trade and human 
rights where it can. To the extent that it 
succeeds, it will confront authoritarian 
Asian governments — such as the one in 
Indonesia, the host of this meeting — 
with hard choices between economic 


— let alone the American concept of 
human rights — is hardly a question. 

President Bill Clinton has done a fine 
job of persuading the other Pacific coun- 
tries to work toward wider trade, incom- 
ing as well as outbound He now faces the 
harder job of persuading voters at home. 
The biU embodying the last big interna- 


tional trade agreement is anything but 

jss. AIoi of 


growth and self-protection. 
And exactly what 


do these 18 govern- 
ments mean by free trade? So far they 
have not defined the term. Japan and the 
United States, which have been q Hand- 
ing bitterly over it for decades, clearly 
don't agree. Whether China would agree 
with the American concept of free trade 


ensured of passage by Congress. 
Americans regard trade and foreign im- 
ports as a threat Mr. Clinton spoke di- 
rectly to that anxiety in his Jakarta press 
conference: “Even if more jobs are com- 
ing into the economy, people may not feel 
more personal job security. Even if the 
economy is growing with low inflation, 
people may not get a raise.” 

He went on to say that there are only 
three ways to remedy that One is to in- 
crease the proportion of high-wage jobs — 
and that is what trade does, by rewarding 
productivity. Another is to increase the 
level of slrifls among American workers, to 
enable them to take advantage of those 
better jobs. A third is to steer investment 
and enterprise toward isolated areas, snch 
as the inner dries and rural regions. Nos. 
2 and 3 require active government inter- 
vention. That is going to be hard to deliv- 
er in a time when the tide is r unning 
strongly in the opposite direction. 

— THE WASHINGTON POST. 


Delay the Trade Vote? 


At first glance it looks like nothing more 
than procedural jockeying over a long, 
boring trade bili But look again. The 
Senate's handling of this biU over the next 
several weeks is going to go a long way to 
d efine the relationship between the new 
Republican majority in Congress and the 
Democratic president Beyond that it will 
go a long way to set the direction of 
American foreign policy for years to come. 

Senator Jesse Helms, die prospective 
chairman of the Foreign Relations Com- 
mittee, sent a letter this week to President 
Bill Oininn urging him to delay the vote 
on the trade buTuatil next year, when the 
new Congress will have taken office. Vice 
President A1 Gore immediately replied 
that delaying the vote would kid the bilL 
Senator Helms disagrees. The issue is what 
is known as the fast-track rule, which 
hasn't got much to do with speed but 
which ensures a straight up-or-down vote 
on the bid without the protectionist 
amendments that have proved fatal to 
trade bids in the past. The fast track 
expires at the end of this year. Senator 
Helms says that he will support an exten- 
sion, but that is not enough. 

Mr. Gore is dearly right. This bid is 
immensely complex. It carries out an inter- 
national trade agreement begun by Presi- 
dent Ronald Reagan, continued by Presi- 
dent George Bush and conducted last year 
by President Clinton — with painstaking 
bipartisan congressional participation at 


ginning in a couple of weeks, the whole 
process of passage will have to begin over 
again next year, with the procedural rules 
to be reenacted as wefl. The chance of 
success would be minimal. 

The man in the middle is Senator Bob 
Dole, soon to be majority leader. He is 
trying to work out a deal with the White 


House that could modify the Republican 
iously dai 


every stop. If this bid is not enacted by the 
nt Congress 


present 


in the rump session be- 


right without seriously damaging the hilL 
Among other things, be has questions 
about a provision in the bid that sets the 
price of a cellular telephone license for a 
company of which The Washington Post is 
a pah owner. This provision was inserted 
into the bid at a late stage for budget 
reasons, because it raises money to offset 
the loss of revenues resulting from tariff 
cuts. The Post Company says it is being 
charged a high price for a license that was 
supposed to be free. Competitors charge 
that it is, on the contrary, too low a price 
and a giveaway, and have accused the 
editorial page of The Post of supporting 
the trade bid because of the license. Our 
position is simple: We support the bid 
with or without the license provision. 

This trade bfll stands for strong and 
enlightened American leadership in the 
world's affairs. Its defeat would mean a 
damaging retreat from responsibility. De- 
laying passage of the bill threatens to de- 
stroy it and the whole international agree- 
ment it implements, with ad its benefits to 
American exporters. Partisan maneuver- 
ing cannot justify that huge risk. 

— THE WASHINGTON POST 


Give the Fed Credit 


The Federal Reserve's decision to raise 
interest rates in order to ward off inflation 
has been criticized from ad comers. Manu- 
facturers warned that higher interest rates 
would drive up costs and drive away con- 
sumers. Labor unions predicted layoffs. 
Politicians feared disgruntled voters. The 
Fed, these critics argued, ought not to slow 
down the economy when inflation is low, 7 
million Americans cannot find jobs and 
tens of milli ons more cannot find work 
that pays good wages. 

Economic forecasting is primitive, so no 
one can prove the critics wrong. Perhaps 
the rate increase of three-quarters of a 
percentage point — the sixth rise this year 
and the largest in more than a decade — is 
unnecessary. Worse, it may be unwise, 
possibly tipping the economy into reces- 
sion abbot the time the 1996 presidential 
campaign gets under way. But the Fed 
presumably took ad these factors into ac- 
count and. after carefully rifting the data, 
has settled on a prudent course. 

One indication is the unanim ous vote. 
The policy was approved even by Alan 
Blinder — a recent Clinton appointee, 
ic liberal and self-proclaimed 
ition dove.” He and the other Fed 
members noted that the economy grew 
more titan 4 percent in the past year, well 
above the 23 percent rate that most eco- 
nomists believe the economy can sustain. 

The Fed also noted that its five previous 
rate increases have not slowed the econo- 
my very much. Even the automobile sec- 
tor, which should react quickest to rate 
increases, is still expanding. The economy 
is creating about 200,000 jobs a month, 
which exceeds the number of entrants into 
tiie labor force, so that unemployment has 
steadily fallen. Indeed, the American 
economy is operating close to capacity. 


Factory output is at record levels. Further 
growth win not produce many more jobs 
but could generate mac inflation. 

If the Fed were to sit back and wait for 
inflation to spurt, it would then have to 
damp down hard. That is what it did in 
the early 1980s, triggering the worst reces- 
sion since the Depression. Chairman Alan 
Greenspan is committed to ii 


modest restraint now in order to ward 
harsh restraints later. 

The charge that Mr. Greenspan’s policy 
is unfair is weaker stOL True, higher rates 
will drive up the cost of car loans and 
hone mortgages. But the impact on fam- 
ilies will be less feared; many -mil profit 
from higher interest payments on bank 
savings accounts, retirement and pension 
funds. Nor is the rate increase undiluted 
good news for wealthy bondholders: bond 
prices fall when interest rates rise. 

Workers, especially low-paid ones, are 
understandably apprehensive. Their wages 
have stagnated for two decades. But the 
villain is weak productivity. The biggest 
threat to vulnerable families would be for 
the Fed to let inflation rise, victimizing 
pensioners and others living on fixed in- 
comes, and then tackle it by throwing the 
economy into recession. Unemployment 
hits low-paid workers hardest. That would 
be worse than unfair. It would be crueL 

So far. Fed policy has produced steady, 
if unspectacular, growth without a pickup 
in inflation. That is no small achievement. 
Indeed, the muted responses to the an- 
nouncement by Lloyd Bentsen, the Trea- 
sury secretary, and Laura Tyson, head of 
the Council of Economic Advisers, indi- 
cate that, as much as they hope for robust 
growth, they recognize that the Fed is 
proceeding responsibly. 

— THE NEW YORK TIMES. 



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flMt haenaand HerrJtl Tntw. Ah' titans trvnrd ISSN' 02 l K-Xn31 




Partners Have to Take Americans’ Choler Seriously 


P ARIS — The Clinton administration 
has declared that the Democrats’ dra- 
matic defeat will not bring changes in 
U.S. foreign policy. But America’s part- 
ners will be in for some painful surprises 
if they brush off election results as just a 
domestic matter for Washington. 

True, the president has the constitu- 
tional responsibility for foreign affairs 
and makes the policy decisions. But if 
they take money, and they almost always 


By Flora Lewis 


of 


ice to be expected. 

but which 


do, it has to be authorized and appropn- 

finn many 


ated by Congress, which can 
ways of imposing its majority view. 

Senator Jesse Helms, the crotchety 
North Carolina right-winger who will be- 
come chairman of the Foreign Relations 
Committee, is known for succeeding as a 
minority member in twisting the State 
Department’s arm about his pet peeves by 
holding up confirmation of all rts appoint- 
ments, for many months sometimes. 

He and other Republican leaders have 
already served notice of major changes 
they want to impose, among others cut- 
ting foreign aid, limiting American con- 
tributions to UN peacekeeping, refusing 
to put troops under UN command unless 
the mission meets a strict test of serving 
U.S. national interest 


The victors read the message from the 
voters as preference for conservative pol- 
icies. That means an emphasis on clearly 
natio nal concerns and a distaste for "ruit 
these spokesmen consider woolly-beaded 
fnf ftmatinnali.gm, the multilateral ap- 
proach that President Bill Clinton favors. 

It will come as news to foreign govern- 
ments to hear that the United States has 
been neglecting its own interests Mid 
weakly indulging demands of others. But 
.1 . T ; of the new 


that is how an important part of the new 
ower- wield 


congressional power- wi elders feel, and 
there is no doubt that they represent a 
strong trend among voters. . 

Whether this could encourage isola- 
tionism or unilateralism, a go-it-alone 
assertiveness, will depend on circum- 
stances. There is a streak of opinion that 
does have a sense of having P ul 
upon too much for too long, of being 
mlfen advantage of by foreign ruse. The 
p oin t is not whether there is substance to 
the grievances; it is that they are more 
likely to be openly expressed. 

U.S. withdrawal from enforcement ol 
the arms embargo on Bosnia is a minor 


This is merely a guiuu-"— Z’ZtnidA 
Congress mandated by law; out crf42, 146 
•ships stopped so far, none earned aims 
foriBoswa — the Bosnians are supply 
by air and overland. The American rwe 
in the operation was limited. Still, with- 
drawal violates commitments to NATO 
and the United Nations in order to show 

America’s impatience. . ... ■ 

No one has articulated justwhai it is 
that has so irritated voters. They know 
what they don’t like but give no ajgent 
answers as to what they want and how 
they want government to provide il Mr. 
Clin ton is criticized for not delivering all 
the “change” he promised, but anger 
about crime, loss of “family values, lack 
of personal control make U sotmd asif the 

real source of upset is too much change m 

the society, too fast There* vrammg lor 
mythical, simpler good dd day 5 -. 

There is a disaffection with the way 
“the system” works, and the poetical 
power is blamed. This is a mood affecting 
most democracies now, not just America. 
It is an irony coming so soon after the 
collapse of communism was taken as the 
ultimate triumph and vindication of de- 
mocracy as practiced in the West. 


But the American response must be 
taken seriously, since it shows bow hide 
modern democracy seems to satisfy when 
it is not constantly being compared wth 

a great evfl. There is a wammg in this for 

other countries. The prickly disgruntie- 
ment of Americans is shared, m other 


ways, by their voters. 

An insightful French commentator 
pointed out that the Clin ton administra- 
tion represents the achievement of power 
by the generation of 1968. Apparently, 
they are still blamed for the excesses of 


1968, not only by what is left of their 
by tn( 


elders but by those who are younger, too. 
Representative Newt Gingrich denounced 
the Clintons as “counterculture McGov- 
em-niks.” The feeling is that societies have 
been left to drift too much. 

Dealing with the America that has sent 
this thunderous new message is not going 
to be easy. Despite Mr. Clinton's assur- 
ances, “partnership” Is going to take more 
accommodation, more active effort by 


America’s established partners to keep re- 
ad b.-,i n 


lotions productive and harmonious. They 
could sour rapidly on both rides if care is 
not taken. AS the countries involved have 
too much at stake to let that happen. - 

O Flora Lewis. 


Clinton, Still President, Should Get Off the Floor and Be One 


W ASHINGTON — At a re- 
cent lunch for Old Nixon 
Hands hosted by Len Garment, 
someone noted that the mood in 
our framer stomping grounds 
was bleak; for days after the 
election. Bill Clinton was sulk- 
ing and brooding. “Gee,” piped 
up John Ehiiichman, “can you 
imagine working for a president 
who sits in the Oval Office 
brooding and sulking?" 

It is not good for the country 
for BUI Clinton to be so defen- 
sive. In a sense, the president 
embodies the nation; if he lets 
hims elf get kicked around here, 
the nation will get kicked around 
all over the world. 

His post-election press confer- 
ence was painful. He came across 
as a punchy pundit in long-wind- 
ed denial (everybody wants to get 
into the act), ignorant of what 
had hit him. Then he junketed to 
Jakarta. Asked there about a 
school prayer amendment, the fu- 
gitive chief executive seemed to 
offer an appeasing sop to Cearber- 


By William Safire 


us by “not ruling out” amending 
the Bill of Rights. 

He was not being inconsis- 
tent. In June 1985, three weeks 
after the Supreme Court stuck 
down a “moment of silence” Ala- 
bama statute as bring a subter- 
fuge for the establishment of reli- 
gion, Governor Clinton of Ar- 
kansas wrote and then signed a 
“moment of silence” bin that he 
thought would pass court muster. 

But, coining right after the Re- 
publican triumph, Mr. Clinton’s 
snap salute to speaker-presump- 
tuous Newt Gingrich mowed a 
dismaying eagerness to suck up 
to the new power in town. (If he 
believes that his Arkansas law is 
constitutional, why doesn't he 
ask for its test rather than “not 
rule out” a prayer amendment?) 

Now he appears to seek a wi 
tenagemot with Newt and other 
victors on his return from the 
land of loud shirts. Such a coun- 
cil would be a mistake; if the 


president seemed conciliatory 
and Newt adamant, it would be 
characterized as “Surrender at 
the Summit” and the presidency 
would be further weakened. 

Who trill help the president 
get up off the flora? The victors’ 
hubris gjves him openings to 
counterpunch. 

Newt, busy taking bows in a 
television interview, did not take 
a call from rite president and 
kept him cooling his cars for 90 
minutes. That was exploitable 
error. When President Clinton is 
asked about this, he should be 
ready with a rejoinder appealing 
to traditionalists: he did not 
take personal offense, but most 
Americans show respect for the 
office of the presidency. 

Next. Senator Jesse Helms, 
chairman- to-be of Foreign Rela- 
tions. overstepped in a letter: If 
Mr. Clinton agreed to postpone 
a GATT vote in two weeks, “h 
wifi have an exceedingly positive 


effect” on considering Clinton 
positions “fairly and fully.” The 
inference can be drawn that un- 
less Mr. Clinton delays the trade 
trill until the next Congress, his 
foreign policy wifi be dealt with 
unfairly and partially. 

I have a higher regard for Jes- 
se Helms than almost all my 
media colleagues, applauded his 
hard line on the Keating Five, 
and look to him to scuffle the 
Third-Worldly Law of the Sea 
and biodiversity treaties. But this 
was unseemly. You don’t waggle 
a rhTvaTpning fin g er at the presi- 
dent of the United States. 

Speaking for President 
Panchingbag, chief of staff Leon 


Panetta promptly and correctly 


said “no." Good for him. The 
103d Congress agreed to come 
back after election to vote on 
fhic l egislation this year, and 
should beheld to its agreement. 

Here is the chance for Mr. 
Clinton to climb back in the are- 
na where a president belongs. To 
get the 60 votes needed for 


GATT, he wifi have to prevail on 
at least 35 Senate Democrats. 
He is now at least 10 short 

A Senate source (my sources, 
freeze-dried for so long, have 
suddenly become juicy) says the 
three key votes for Mr. Clinton 
to deliver will be Sam Nunn of 
Georgia, Paul Simon of Illinois 
and Max Baucus of Montana. 

Mr. Clinton has not yet per- 
sonally worked them over. Mr. 
Nunn (Secstate? Primary rival?) 
is stone-faced; Mr. Simon tells 
me he is inclined in favor but has 
Naderish reservations; Mr. Ban- 
cus confides he’s on the fence, 
but world trade agreements are 
not all that popular in Montana. 

Go to it, Mr. President, as 
some of us still call you. Make a 
Dole-deal to include an escape 
hatch in the law in case the Lilli- 
putians tie down Gulliver in the 
World Trade Organization. Make 
a speech on television. Win this 
one. No more brooding and 
s ulkin g in the Oval Office. 

The New Fork Times. 


For Euro-Unionists, the Wind From Sweden Is a Bother and a Fillip *' 


RUSSELS — Is the Swedish vote to 


join the European Union a good 

i. Ibis is 


By Roy Denman 


thing? The Swedes seem to think so. 
hardly surprising given the dire warnings 
of higher interest rates, a falling currency 
and a drain of jobs and investment if they 
stayed out But will their entry be a good 
thing fra the Union? 

There has been a general welcome which 
is also not surprising. When it has been 
agreed that someone should join a dub, it 
is hardly the moment for the other mem- 
bers to stand scowling in the hall, mutter- 
ing darkly to themselves about reindeer 
bong admitted next. 

Moreover, much has been made of the 
enrichmen t which Sweden wifi bring the 
Union — sturdy democratic traditions, 
openness in government, impeccable envi- 
ronmental standards, and a generally high 
moral tone in neutrality and international 
affairs. At least this is how it seems to the 
Anglo-Saxons and Scandinavians. To many 
Continentals, the Swedes are likely to seem 
a thundering nuisance. 

It is all very wefi to talk about enriching 
the lives of others. But when a number of 
people have sport some time on a difficult 
journey across the heart of Continental 
Europe, the prospect of new arrivals with 
snow on their boots bursting in and de- 
manding that the train be diverted to Lap- 
land wifi have limited appeal. 


The Swedes will bang on about their 
system of open government being the bet 
in the world, about the impossibility of 
adjusting their environmental standards to 
fit those of their neighbors, and about the 
dear superiority of their view of interna- 
tional morality. There will be no question, 
in farther integration, of Sweden adjusting 
to its partners; they will be expected to be 
enlightened enough to adjust to Sweden. 

Those in Europe who have dealt with 
the British will find this depressmgly fa- 
miliar. They might also reflect that if last 
Sunday’s referendum is anything to go 
by, for every 52 Swedes who are taking 
this line, 47 would be worse. . 

The fundamental difficulty does not lie 
in obtuseness either on the part of the 
Swedes or the Continentals. It derives 
from a different attitude to sovereignty, 
based in turn cm a different history. 

Between 1940 and 1945 most Continen- 
tal countries were defeated and occupied. 
Britain and Sweden were not. So when 
Robert Schuman sounded the trumpet for 
a European Union on May 9, 1950, he 
could afford to be quite explicit. "The 
pooling of iron and steel production wifi 
immediately provide for the setting up of 
common bases for economic development 


as a first step in the federation of Europe.” 

Three weeks later the German chancel- 
lor, Konrad Adenauer, told the Bundes- 
tag: “From the personal conversations 
that I have had with Monsieur [Jean] Mon- 
net I have been confirmed that political 
elements weigh most heavily in the balance 
. . . The pnrpose of the French proposal is 
to create a European federation ... On 
this I am in total agreement” 

These texts are one of the best kept 
secrets in recent British political history. 
They represent the views of the founding 
fathoms and of many Continentals today. 
Used widely in the recent Swedish refer- 
endum campaign, they would have done 
in the “yes” vote. 

But we have to take things as they are. A 
Britain profoundly skeptical about Euro- 
pean union has been joined by another 
country also wrapped in the mists of the 


angle market has been established, it is only 
a question of time before separate, fluctuat- 
ing currencies are recognized as the threat 
they are to jobs and prosperity. But not 
everyone win be able to make it to economic 
and monetary union at the same speed, so 
an inner core or concentric circles, whatev- 
er you call it, will be a fact of life. 


What is more, a center of political and 
will be all the 


north and ever more profoundly skeptical. 

ude 


Moreover, the Twelve already include two 
former EFTA countries (Britain and Den- 
mark), and three others (Austria, Finland 
and Sweden) wifi be entering on Jan. 1 . 

There is even the alarming prospect that 
they might be joined by Norway, the Bos- 
ton strangler of European integration. 
Does tins mean that EFTA has finally 
outflanked the Six and will halt any move 
to closer European union? 

It will not work out like that. Once a 


economic decision making 
more necessary for the major task the 
Union faces over the rest of this decade — 
the negotiations for entry of the states of 
Central and Eastern Europe. 

But this is not the whole story. There 
was another reason for the recent airing in 
Paris and Bonn of the concept of an inner 
group. The prospect of facing yet another 
session of British stonewalling at the Inter- 
governmental Conference on the future of 
the European Union in 1996 began .to 
concentrate minds in Paris and Bonn. 

The prospect of facing Sweden and pos- 
sibly Norway as well (Austria and Finland 
will be too sensible to be much of a pro- 
blem) wifi concentrate them even more. 

So the entry of Sweden will turn out not 
to dilute but to accelerate the process of 
European integration. It wifi be cold com- 
fort for those who choose to be marginal- 
ized, but there is always a price to be paid 
for political illusions. " 

International Herald Tribune. 


For Manila, a Strong Peso and Low Interest Announce Takeoff Time 


M ANILA — Is it bravado, or 
a symbol of a new era? The 
long-despised Philippine curren- 
cy is roaring ahead. The peso has 
been perhaps the world’s stron- 
gest c urren cy over the past year, 
outshining the yen, the Deutsche 
mark and Brazu’s new real to hit 
23 3 to the dollar — almost 20 
percent above its level of October 
1993 — before easing a little. 
Perhaps in a country as given 


By Philip Bowring 


to surprises as to typhoons, this 
should ' 


be no surprise. But the 
peso has been flying in die face of 
the usual statistics. Interest rates 
have plummeted since midyear, 
the current account deficit has 
risen sharply to around 6 percent 
of GNP, and inflation had been 
threatening to hit double digits. 

What’s up? And what does it tell 
us about the problems and pros- 
pects of the Philippines, so long 
the sick nun of Southeast Asia? 

On the credit side, the peso 
surge is being driven by capital 
inflow. Foreigners have pumped 
roughly SI billion into Philippine 
equities this year, and a succes- 
sion of IPOs, or initial public of- 
ferings. and rights issues seems 
sure to keep the money flowing 
well into 1995. 

The stock market is acquiring 
greater depth, and prolits are ris- 
ing fast. Economic growth has 
been 5 percent this year and may 
fait. 6 percent in 1995. 

Filipinos are repatriating over- 
seas earnings previously held off- 
shore, or switching onshore dollar 
deposits into the local currency. 
Investors are responding to the 
fact that 1994 should — keeping 
fingers crossed —be the first full 
year without a political or natural 
crisis since 1988. 


Interest rates have fallen be- 
cause improvements in govern- 
ment finances have enabled bank 
reserve requirements to be cut. 
The key three-month Treasury bill 
rate is now just 9 percent, against 
16 percent a year ago. This has 
created a virtuous circle for the 
government budget — interest 
burden had been absorbing more 
than 30 parent of spending. The 


sale erf state enterprises has fur- 

public fin; 


ther improved public finances. 

Capital inflow, Iowa interest 
rates and growth in most sectors 
of the economy have caused pri- 
vate-sector credit to boom. So to 
contain inflati on the central bank, 
with some prodding from the In- 
ternational Monetary Fund, has 
been letting the peso rise, rather 
than see the monetary base ex- 
pand too fast. Instead of accelerai- 


to double dibits, inflation may 


fall back below 1 pcrcenL 

Is this a fool's paradise? The 


Philippines’ major long-term pro- 
blems are related ones: recurring 
balance-of-payments crises and 
inadequate savings. 

Thailand and Indonesia began 
their early 1980s export manufac- 
turing drives with devaluations 
and then further declines in their 
effective exchange rates. China 
has had a chronically underval- 
ued rate. The Philippines has a 
history of overvaluation, caused 
by factors from machismo to 
public-sector deficits, which has 
added to its inability to follow the 
Southeast Asian growth model. 

This situation has been exacer- 
bated by minimum wage laws 
that have kept real wages for the 
lucky few in large enterprises rel- 


atively high, while the majority 
subsist in low-income services. 
The result: the country has used 
capital inefficiently; it bas not 
made use of its abundant un- 
skilled labor, which is too costly 
compared with C hina and Indo- 
nesia; and its cheap skilled labor 
has found employment overseas. 

Trade and exchange-rate liber- 
alization may enable the country 
to avoid these pitfalls this time. 
But there is a clear danger that a 
strong peso wifi again promote 
capital m tensity, not the job-cre- 
ating export industries that the 
nation needs, and exacerbate the 
dualism of the economy. 

Ramos government reforms 
have helped attract private for- 
eign investment into badly need- 
ed infrastructure — mainl y power 
and telecommunications. This is 
welcome. Investment in export- 
oriented manufacturing, mean- 
while, is picking up — but much 
more slowly. The Philippines is 
experiencing an investment-led 
boom, but it needs an export- 
oriented one if it is to earn the 
foragn exchange to service for- 
eign capital and provide inputs 
for domestic industry. 

The nation again has power, but 
at rates of return to investors that 
are way above regional avera ges . 
Savings are rising all around Pro- 
fits are up, government is holding 
down current spending, bouse- 
holds are saving more. The bank- 
ing system is being forced to be 
more competitive. 

The national savings rate, long 
languishing at around) 8 percent! 
is believed back above 20 percent 
But it is going to have to rise 


several points more for 6-percent- 
plus growth to be attainable be- 
yond the next few years. 

Current low real interest rates 
result from short-term factors. 
Government spending must pick 


up to provide basic infrastruc- 


ture. Companies and the rich 
must pay more taxes — the Phil- 
ippines has an abysmal tax collec- 
tion record and hence has relied 
on tariffs and other economy-dis- 
torting imposts. 

In the longer run, real interest 
rates have to be high just to ser- 
vice outstanding domestic debt. 


So the strong peso and low in- ^ 
terest rates are symptoms of what 
is going righL But they could too 
easily become symptoms of what 
has been wrong in the past: reli- 
ance on foreign money, especially 
if it inflates assets and not real 
investment in output, and the tri- 
umph of euphoria over commit- 
ment to the long slog. 

The Philippines has a uniq ue 
opportunity, after two decades of 
failure, for a new run at takeoff. 
President Ramos, don’t let pride 
and the peso weigh it down. 

International Herald Tribune. 


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1894: Revival Technique 


PARIS — In connection with the 


restoration of life, by Dr. d’Ar- 


sonval’s method, or a man in 
Pittsfield, Mass., who received 
4,600 volts of electricity in his 
body, a correspondent of the Her- 
ald saw Dr. d’Arsonval and ob- 
tained some particulars. “It j s 

very simple you see.” said the 
doctor, “you must draw the 
tongue sixteen times to the min- 
ute. It takes sometimes even two 
hours. Pull the tongue very vigor- 
ously and never give up hope.” 


Act and the Volstead Enforce^ 
man Act were constitutional. 
Judge Carpenter announced that 
Judge Louis Htzhenry. of Peoria, 
UL, had concurred in the decision. 


1944: Zionists Warned 


1919: Liquor Setback 


CHICAGO — [From our New 

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York edition:! 

, J •“» “'JMVi 4U11UI- 

csts were given another setback 
today [Nov. 17], when Judge 
George A. Carpenter handed 
aown a decision in the United 
Stales District Court which held 
that the War-Time Prohibition 


our New 

York edition:] Prime Minister 
Churchill, m a sternly worded 
statement on the recent assassina- 
tion of Lord Moyne in Cairo, de- 
manded today [Nov. 17] that the 
Jewish com m unity in Palestine 
join with the local authorities to 
see that “all these wicked activi- ■ 
u« must cease and those respon- * 
aWe tor mem must be destroyed, 
root and branch.” “If our dreams 
of Zionism are to end in the 
smoke of assassins’ pistols and 
produce a new set of gangsters, 
many will have to reconsider the 
position wc have maintained so 
consistently and so long in the 
past, ’ the Prime Minister said. 



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^Tiine to Pick Themselves Up 
^id Start All Over Again 


INTERNATIONAL HERALD TRIBUNE, FRIDAY, NOVEMBER 18, 1994 

O P I IV I O IV 


Page 9 


m RUW 

f~\ Blum has n 

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By E. J. 

W^HINGTON - Una last 

f u™ 1 Democrats thought they 
could write off Newt Gingrich as an 
outrageous and at times obnoxious 
bomb-thrower. They will be making 
a comparable mistake now if they 
assume that his ego and his pen- 
diMit for the extreme utterance will 
jead'hnn to self-destruct. This might 
be called the Democrats’ Reagan 
Disease: If you face a powerful foe, 
pretend that he isn’t serious and 
assume that he will just go away. 

The Gingrich whom Democrats 
need U) understand is a man who 
m dudes Mark Hanna as one of his 
political heroes. Mr. H anna was the 
bnlhant Republican political entre- 
preneur who organized the financ- 
ing and strategy for the Republi- 
cans 1896 victory for William 
McKinley. That was just the begin- 
ning- Mr. Hanna’s labors led to a 36- 
year period of Republican domi- 
nance, broken only by Woodrow 
Wilson's eight years. 

As the historian John Morton 
Blum has noted, Mr. Hanna saw the 
^Republican Party as the perfect vehi- 
fcle for the classes leading the indus- 
trialization of America. Mr. Gingrich 
now wants the Republicans to lead 
the county into the Information 
Age. His hightechspeak is not simply 
an affectation but the fruit of his 
conviction that be and his party are 
on the side of the future. 

Dial sort of confidence is danger- 
ous because it leads to arrogance. 
The Soviets thought they were on 
the right side of history and got 
gobbled up tty it. But it is also the 
kind of conviction that inspires the 
building of great political parties. 

Now tha t Republicans have the 


Bosnia; A Delicate Balance 

Regarding "Allies Are Worried Af- 
ter U.S . Calls Off Policing of Embar- 
go on Arms lo Bosnia ” (Nov. 12): 

The U.S. decision no longer to 
participate in the enforcement of the 
arms embargo against the parties in 
the Yugoslav conflict is regrettable 
because it might upset the difficult 
process of crisis management To- 
day. several operations are being 
carried out: humanitarian relief 
convoys; a mediation effort to arrive 
♦at a political settlement as arms 
•embargo; an economic blockade 
against Serbia and Montenegro; and 
denial of flight in Bosnian airspace. 

We have not been very successful 
in bringing these strands together to 


Dionne Jr. 

Congress, Mr. Gingrich will not 
only try to deliver on his popular 
promises. He wants to put legisla- 
tion on Bill Clinton’s desk that will 
force him to confront bad choices. If 
Mr. Clinton signs the bills on wel- 
fare and the budget that Mr. Ging- 
rich has in min d, the president will 
risk alienating much of the Demo- 
cratic Party. If he vetoes the bills. 
Mr. Gingrich will paint him as the 
king of liberal gridlock. 

Democrats hope that a spell in 
power will expose deep Republican 
divisions. Deficit hawks like Senator 
Pete Domenici of New Mexico have 
a lot of differences with supply-sid- 
ers like Senator Phil Gramm of Tex- 
as and Representative Dick Armey, 
also of Texas. The social issues still 
divide Republicans, and the Chris- 
tian Coalition wants its payback. 
Tbe new Republican House is very 
different from the Republican Sen- 
ate, and Senator Bob Dole and Mr. 
Gingrich have had their quarrels. 

But it is foolish to expect Republi- 
cans to be as skill^il at self-immola- 
tion as Democrats were. The Demo- 
crats had it in their power to pass a 
package of health, welfare and polit- 
ical reforms. They failed utterly. No 
wonder the voters punished them. 

Democrats need to learn two 
tilings from Mr. Gingrich: to behave 
hke a party, which means cutting 
through factional knots and speaking 
of the public interest, not of particu- 
lar interests; and to think strategical- 
ly and not simply in terms of tactics. 

Democrats are rightly furious at 
tbe Gin ton White House for its out- 
right mistakes and its “war room” 
tactical obsessions — no substitute 
for a strategy that could have pre- 


— — S 

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sen ted voters with a coherent set of 
results this fall. Some Clinton parti- 
sans are rightly furious at Democrats 
in Congress for failing to get things 
done and acting as if this disaster 
could never strike. And now Clinton 
staffers are engaged in a preposterous 
game of blame-shifting. 

All these people should simply 
confess to having blown a historic 
opportunity and get on with figuring 


out how to fight the long battle of 
the next two years. Mr. Clinton has 
cards to play." For example, the bud- 
get he sends to Congress should be 
bold and frame choices that Repub- 
licans need to make if they mean this 
stuff about smaller government. 

Mr. Clinton needs a narrow and 


LETTER TO THE EDITOR 


form a coherent whole. Some might 
have contradictory effects, but to- 
gether they create a delicate balance. 

If the arms embargo were to be 
lifted, fighting would intensify and 
more sophisticated weapons would 
be used. Heavier fighting would ham- 
per, even prevent, humanitarian and 
peacekeeping activities, and entail a 
withdrawal of all or part of the UN 
forces. If some were to lift the arms 
embargo, others would lift tbe eco- 
nomic blockade, removing the only 
remaining leverage on Belgrade. This 
apparently would be the first time in 
history that an arms embargo has 
been deliberately lifted and the ad- 
versaries left to shig it out 
The argument that if you cannot 
prevent the conflict you should at 


least permit people to defend them- 
selves has some force, but it comes a 
bit late, after three and a half years 
of hostilities. Nor does it fit in' with 
the current attempts to push the 
peace plan, to which everybody but 
the Bosnian Serbs now subscribes. 

The political impact of the U.S. 
measure will be more severe than its 
military impact. Embargo enforce- 
ment in the Otranto Channel, includ- 
ing the boarding of suspect vessels, 
could be taken over by European 
naval units. On the intelligence side it 
is early to predict the effects of with- 
holding U.S. information. 

Politically, damage is done to the 
joint efforts by Europeans, Ameri- 
cans and Russians in the contact 
group to push the peace plan. The 


message to the parties — that there 
is no alternative to acceptance — is 
being blurred, and Bosnian Muslims 
will ag ain be encouraged to cherish 
false hopes of direct support. 

Tbe whole episode demonstrates 
the need to implement President Bill 
Clinton's January proposal to make 
NATO assets available to the West- 
ern European Union or an ad hoc 
alliance in cases where NATO is 
unable or unwilling to act That will 
in particular be the case if the Unit- 
ed States is not prepared to partici- 
pate substantially in an operation. 

We had assumed that Washington 
would agree to such a transfer of 
assets because it shared the objective 
of the operation. Now we see the 
U.S. administration struggling to 


WELL, ITS 
A START. 




specific legislative agenda — per- 
haps welfare reform, political re- 
form, a serious program for workers 
losing out to technological change, 
and a modest step on health care. 

Since there will now be a bidding 
war for middle-class tax relief. Mr. 
Ginlon might as well propose tax 
cuts targeted to middle-income fam- 
ilies with children. He could pay for 
them with real budget cuts, challeng- 
ing Republicans to scale back pro- 
grams popular with their own interest 
groups — in agriculture and tbe En- 
ergy Department, for example. He 
could further cut the deficit by elimi- 
nating those business tax b reaks that 
only distort the free market. 

But whatever the programmatic 


It’s Sad When Looking Bad 
Helps to Keep You Alive 


By William Raspberry 


a 


specifics. Democrats need to realize 
that while they may despise Mr. 
Gingrich, it is he. not they, who has 
found a voice that speaks to the coun- 
try’s sense of social and moral crisis. 

Mr. Gingrich’s staple applause 
line declares that “it is impossible to 
maintain civilization with 12-year- 
olds having babies, 15-year-olds 
killin g each other, with 17- year-olds 
dying of AIDS and with 38-year- 
olds ending up with diplomas they 
can't even read." Aren't those exact- 
ly the kinds of problems that Demo- 
crats are supposed to grapple with? 

If Democrats do not rise to the 
Gingrich challenge, they will deserve 
everything he has in store for them. 

The Washington Post. 


maintain as much of the operation 
as possible even though it can no 
longer support part of its purpose. 

Of course; no country is obliged to 
contribute forces against its wifi, and 
we cannot blame Mr. Clinton for 
applying the vail of Congress. Euro- 
peans have no interest in dramatizing 
that decision as long as American 
personnel in NATO headquarters re- 
main fully committed. At the same 
time, the need to reform NATO and 
make it more flexible, with a Europe- 
an pillar and an American pillar, 
has become more apparent 

WILLEM van EEKELEN. 

Brussels. 

The writer retires this week 
as secretary-general of the Western 
European Union. 


WASHINGTON — There's a 
VY nick children used to play on 
raccoons. Knowing that these fas- 
tidious creatures were always care- 
ful to wash their food before eating 
it, they would give them a lump of 
sugar and then laugh like crazy as 
the morsel melted away in the water. 

But raccoons are not stupid. And 
I would guess that an average rac- 
coon would soon learn the disutility 

MEANWHILE 

of cleanliness and begin taking 
his food au natureL 
In much the same way, our young 
people are learning to disregard — 
as useless and often far worse than 
useless — the manners their elders 
have taught them. 

Take something as simple as 
dress. The lesson of the elders, who 
grew up believing that “clothes 
make the man,*’ is that young people 
should dress in such a way as to 
disting uish themselves from their 
trouble-prone peers. The lesson 
youn^ people are absorbing these 
days is that their survival may de- 
pend on dressing — and speaking 
and swa ggering — like what the old 
folk used to call the “bad element-” 
Upper-class kids used to set the 
dress styles that middle-class and 
lower-class lrids would mimic — of- 
ten with look-alike fashions if the 
real thing was too expensive. 

But look now: Who determines 
which hundred-dollar sneakers are 
“cool” this season? Do you imagine 
that the children of professionals 
decided, on their own, to wear their 
oversized pants barely dinging to 
their rear ends, or that the hair cuts 
favored by the young set originated 


and for good reason. Wearing the 
wrong clothes can get you hurt. 

If it were just clothes, the trend 
would be of little concern. But the 
effort to blend in with the tough kids 
who would as soon punch your 
lights out as look at you transforms 
not just dress styles but language 
and behavior as wefl. 

Even such an ordinary thing as 
smiling can be the beginning of 
trouble. And not just among kids. A 
dozen years ago. The Washington 
Post ran a series on homosexual 
rape at the Prince George's County 
Jail in the Washington suburbs, and 
one aspect of tbe report sticks out in 
my min d: the methods by which the 
jauhouse rapists chose their victims. 

The new inmate who accepted the 
old, ill-fitting jumpsuit handed him 
by a guard, rather than demand a 


better-looking one, was marked as 
passive - — and vulnerable. The new- 
comer who let another inm at e hol d 
open a door for him, or who accept- 
ed the proffer of a cijarette was 
unwittingly failing the jauhouse test 
of manhood. As tbe reporter, Loret- 
ta Tofani, put it: “Experienced 
cr iminals never take that cigarette, 
realizing that this is a world where 
there is no kindness — and where 
the man who takes a cigarette will be 
expected to pay it back with a sexual 
favor or be raped.” 

I have no idea bow widely these 
“manhood tests” are applied — or 
even if they were always standard 
practice at the Prince George’s JaiL 
But the point holds: Something 
profoundly disturbing is happen- 
ing to a society when ordinary 
courtesy and civility, even ordinary 
dress, become tokens of exploitable 
weakness. The culture is in trouble 
when the rules of behavior come to 
be set by the most debased and most 
hopeless elements. Hie handed- 
down wisdom plays us false and, 
like a confused raccoon, we have to 
learn disturbing new inodes. 

I have talked to experts in dispute 
resolution who will say, not for attri- 
bution , that they have misgivings 
about their work in inner-city 
schools. They do not doubt the pref- 
erability of laying disputes on the 
table, talking things out and reach- 
ing mutually acceptable accommo- 
dation. At least one such expert 
boasted to me (rf having defused 
a potentially deadly gang dispute 
by getting the rival leaders to talk 
about their grievances. 

But others acknowledge that 
even a willingness to talk it out or 
to seek compromise or to accept 
mediation can be construed as 
weakness. When you can get into 
trouble both by looking for trouble 
and tty seeking to avoid it, even the 
experts don't know what to advise. 
No wonder our children are impa- 
tient with our advice. 

The lessons learned at such dear 
cost by civilized society are tossed 
away like useless shards — and not 
just in the inner cities. The down- 
ward pull of the “bad element” 
is more and more evident in the 
pricey suburbs, even in the small 
towns of exurbia — and among 
girls as well as boys. 

Members of my generation duck 
our tongues at the sloventy dress, 
unsightly hairstyles and dismaying 
manners of our children, and pray 
that these things are only protective 
coloration, not a prelude to some- 
thing far more deadly. 

Washington Post Writers Group. 


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International Herald Tribune 
Friday » November 18, 1994 
Page 10 


/ ^ / 


In Tanzania: The Great Safari Camel Mutiny 


By Mary Anne Fitzgerald 


A RUSHA, Tanzania — The first 
rumblings of a mutiny came on 
the third day. By midmoming 
the camels were behaving like 
grumpy tourists trailing through Ver- 
sailles during an August scorcher. They 
sat down at every possible opportunity 
and were obviously longing for a drink. 

Relief, however, was nowhere in sight in 
this universe of dust and thorn trees. The 
nearest waterhole was a day’s march 
away, the Maasai told us. Meanwhile, all 
we could do was cajole and wheedle. 

I was on a safari with Chris and Fran 
Moore, who run camel safaris from the 
foot of Mount Kilimanj aro in Tanzania. 

There were 16 people and 17 camels in 
the party. Our destination was Lake Na- 
tron, an inhospitable stretch of water in 
the primeval wilderness of the Rift Valley. 
We reckoned it to be about 140 miles (230 
kilometers) as the crow flies. 

Maps distort distance and belie the 
rugged reality of negotiating escarpments 
and river beds. Chris’s proposal to cover 
14 miles a day was met without skepti- 
cism. For the moment, optimism tri- 
umphed over reality. 

The following morning we arose at 5, 
muttering sleepy greetings as we gathered 
our possessions by the flickering light of 
kerottne lamps. 

It took three hours to strap all the food, 
boxes, chairs, tents and cooking gear onto 
the camels’ solitary bumps. 

W E tackled each animal in 
pairs. First, because they 
stand 8 feet (2.4 meters) at the 
shoulder, they had to be per- 
suaded to hunker down on their knees by 
pulling on the head rope and shouting 
what sounds like “Toe! Toe!” 

Once the camels had subsided to the 
ground, danger still lurked. We were now 
within spitting range of regurgitated cud, 
which is harmless if a little messy. But 
watch out for that whiplash neck that can 
swing round and present teeth that snap 
shut with the ferocity of a portcullis. 

Half an hour after setting out, much of 
the baggage was scattered on the ground 
again. Some of the ropes hadn’t been tied 
fast enough. Tomorrow would be quicker, 
we said. 

We inarched for the rest of the day, 
taking turns atop the four camels that had 
riding saddles on them. 

The camels, recently imported from So- 
malia, were on their first proper expedi- 
tion. Usually they took visitors on four- 






w; 



It took three hours to load all the gear onto the camels. 


Stephen WOsoo 


tion. Usually they took visitors on four- 
day camping excursions. This trip was 
designed to accustom them to the serious 
stuff of long-distance treks. 

Unlike the Moores’ proper safaris 
where clients watch the circus of loading 
and unloading from the comfort of a camp 
chair, we would be looking after the cam- 


els ourselves with assistance from the han- 
dlers. It was a working holiday. 

Out on the plains we met Maasai wom- 
en bent beneath loads of firewood. 
“Where are you going?” they asked. “To 
Natron." Their eyes turned toward us and 
away again, carrying with them disbelief. 
“It is very far." 

By the time a swift copper sun brushed 
the horizon, the camels had lost their con- 
centration and were stumbling. We were 
as tired as they were although we wouldn't 
admit it. 

We unloaded and set up camp in just 
over an hour. Thoughts of being set loose 
to graze or to sit with a mug of tea in a 


TEE / 0 1 1 E WISE 


Stargate 

Directed by Roland Emmer- 
ich. . U. S 

There are almost as many 
plots in “Star-gate" as there 
are characters, but the idea 
behind the movie is ample: 
space adventure in ancient 
Egypt. It works better than 
you’d think. For kids, there 
are relentless special effects. 
For adults, there is a smartly 
designed parallel universe 
that echoes the Egypt of old 
Bible movies, and the ap- 
pearance of Jaye Davidson 
(the androgynous star of 
“The Crying Game”) as the 
sun god, Ra. Juggling all this 
makes “Stargatc’ r move 
more slowly than any action 
movie should, but it has 
plenty of enticing moments. 
The story begins in Giza, 
Egypt, in 1928, when archae- 
ologists discover a large 
stone wheel with mysterious 
symbols carved on lL Leap- 
ing to the present, we see 


James Spader as an Egyptol- 
ogist, Dr. Daniel Jackson, 
bong laughed off the podi- 
um when he suggests that 
the Egyptians didn’t build 
the pyramids. He doesn’t 
know who did build them, 
but the answer is lurking in 
outer space. He is recruited 
to work on a project deci- 
phering the symbols on the 
stone, and he discovers that 
this object is a stargate, a 
portal to another world. 
Along with a military con- 
tingent led by Kurt Russell 
as Colonel Jack O’Neil, 
Jackson walks through the 
stargate and is sent whizing 
through a dark tunnel, 
emerging among the stars 
and landing on a planet that 
looks Egyptian. The uneven 
“Stargate” may not appeal 
to adults who don’t already 
have a taste for this kind of 
science fantasy. It borrows 
too much from other films, 
some as good as the Indiana 


Jones trilogy and others as 
flat as “Dune.” And the sto- 
ry is bound to be too confus- 
ing for very small children. 
But “Stargate" is a clever 
adventure that should find 
its audience. 

(Caryn James, NYT) 

II Toro 

Directed by Carlo Mazzacur- 
atL Italy. 

With the Italian film industry 
generally short on original 
ideas, the Paduan writer-di- 
rector Carlo Mazzacurati’s 
quirky, expertly shot, consis- 
tently watchable “H Toro” 
(The Bull) comes as a wel- 
come surprise. Franco (Die- 
go Aba tan mono) loses his 
job amid cutbacks at die stud 
farm where he works and, 
despairing of finding another 
one, decides to steal Corin to, 
one of the prize bulls. Worth 
a billion lire, Corin to is far 
too well-known in Italy to be 
saleable, so Franco recruits 


his fanner friend Loris (Ro- 
berto Citran), who is also fi- 
nancially on the ropes, and 
his truck to smuggle die bull 
out of the country, and on 
into Hungary. Trying to con- 
vey this 14-ton behemoth — 
a surprisingly, fragile “mel- 
ancholic creature constantly 
Fighting against the fences of 
gravity” — anywhere is an 
uphill task, but when the 
truck breaks down, they are 
turned back at the border 
and it starts to snow, disaster 
looms large. Hie volatile rela- 
tionship between Franco (ro- 
bust, bombastic, but basical- 
ly good-hearted) and Loris (a 
shy, gentle soul, painfully 
anxious about the bull’s well- 
being) is convincingly por- 
trayed. And the winter land- 
scapes — the result of 
unseasonably early snowfalls 
that took the director by sur- 
prise — lend the fUm a majes- 
tic grandeur. (Roderick 
Conway Morris, IHT) 


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UPON THE DOORPOSTS 
OF THY HOUSE: Jewish 
life in East-Central Eu- 
rope, Yesterday and Today 

By Ruth Ellen Gruber. 320 
pages. $24.95. John Wiley & 
Sons. 

Reviewed by Barry James 

O N the doorposts of count- 
less houses in countless 
towns and villages in East-Cen- 
tral Europe, where few if any 
Jews have lived since the Holo- 
caust half a century ago, it is still 
possible to distinguish the places 
where m en i7a he had once been 
attached, marking these places 
as Jewish homes.” Thus begins 
Ruth Ellen Gruber’s haunting 
evocation of Jewish life as it used 
to be and as it survives in Po- 
land, Hungary, the Czech Re- 
public and Slovakia. 

The Book of Deuteronomy 
co mma nds Jews to write tire 
Shema — tire profession of 
faith in one God — “upon the 
doorsteps of thy bouse and 
upon thy gates.” A mezuzah is a 
box containing the prayer and 
where it exists no longer, 
Gruber says, there are scars, 
sometimes just a faint outline or 
a thickening of paint. 

The same can be said of the 
Jewish co mm unities of Eastern 
and Central Europe, where 
Nazi genocide reduced a vi- 
brant people of five million also 
to a faint outline. Today, fewer 


than 120,000 Jews live in the 
four countries — 90,000 of 
them in one city, Budapest. 

Gruber’s narrative ranges 
from sh tells — small towns that 
once had a large Jewish pres- 
ence — to major cities such as 
Krakdw in Poland, where the 
ancient Jewish quarter of Kazi- 
mierz has been left to molder 
through decades of neglect. 

Like so many places on 
Gruber’s itinerary, kazimierz is 
a “symbol of Jewish absence,” a 
ghost town replete with syna- 
gogues, prayer houses and com- 
munity buildings. 

The questions that Gruber 
raises are these: What should be 
done to preserve this unique 
Jewish heritage in the absence of 
Jews? How can it be done with- 
out cheapening the memory? 

This is a book about shadows, 
about “that gaping, jagged hole 
in the tapestry of Jewish histo- 
ry,” about tire author's feelings, 
as a nonreligioiis American Jew, 
in the face of this absence. 

More of a meditation than a 
Baedeker, it forms a companion 
to Gruber’s earlier book. “Jew- 
ish Heritage Travel: A Guide to 
Central and Eastern Europe,” 
which has recently been revised 
and updated. 

Under communism, talk of 
the Jewish vic tims was often dis- 
couraged or distorted. In Prague, 
for example, the names of 77,000 
Holocaust victims were removed 
from the walls of tire Pinkas syn- 
agogue after Czechoslovakia 
broke off relations with Israel It 


camp chair inspired cooperation between 
beast and man. 

As night fell, the camels were herded into 
a protective corral we had made with their 
saddles. Several hours later three lions 
strolled into camp, attracted by the cam- 
els’ tangy odor. We stoked the fire high to 
keep them at bay. 

“Crawl down into your sleeping bag. 
That’s the best place to be when there* 
danger around,” advised Frank, a veteran 
safari guide. The liras hunkered down in 
the bushes and kept silent vigil until dawn, 
when they padded off across the p lain 

At first our caravan moved eagerly 
across the landscape of stippled grasses. 


gliding past herds of wildebeest and zebra. 
But soon we realized the trip would push 
all of us to the limi ts of our endurance. 

The camels’ moods were mercuriaL 
Sometimes they were all long-lashed 
charm and allowed us to plant kisses on 
their velvety noses. Yet, as the days wore 
on, they became incr easing ly cantanker- 
ous. 

On the fourth day, Jan, the handsome 
gray bull, misbehaved and eventually had 
to be left to walk without his load. The 
others plodded along, or worse still, 
tucked (heir knees under them and sank to 
the ground. All we could do was pull on 
their ropes at one end and smack them 
with slides at the other. 

At noon we reached our first waterhole. 
It was there that the Great Escape took 
place. 

As we unloaded, the camels erupted 
into a rodeo of rearing and bucking. 
Saucepans flew through the air. Beer bot- 
tles crashed to the ground. Fran was felled 
by a set of grass-stained teeth. Frank was 
sent flying by a hoof. 

Knowing that cowardice is safer than 
valor, I threw aside Ngarosei’s head rope 
to avoid bang trampled. We stood there 
coated in dust. The camds had stampeded 
over the horizon. 

We found them five miles away, serene- 
ly surveying ns as we trudged toward them 
across the plain. Peter, the head handler, 
gave a soft whistle and they fell into an 
obedient line behind him. 

The point had been made. The strike 
was over. It was less walking and more 
grazing after tha t. 

We eventually reached our destination, 
unbowed by bouts of heatstroke and the 
blisters on oar feet The last day was filled 
with talk of “the next safari” When trav- 
eling by camel, even disaster is transmuted 
into unforgettable adventure. 

To go on safari with Chris and Fran 
Moore, contact: Camds Only. P.O. Box 
12530, Arusha, Tanzania. Td: 255-57- 
7111. Fax: 255-57-8997. 

A day trip costs S50 per person includ- 
ing food. Trips of several days cost S150 a 
night 

Maty Anne Fitzgerald is a London-based 
journalist who covers Africa. 


■ Forget the election, it’s catalogues 
that tell you the people's mood. Cher 
says that in her new home 
furnishings catalogue, incense is 
selling, like, wow. “They said it 
was too- 1960s hippies,” she told The 
Washington Post “But we sell 50 
to 100 packets of it a day.” 





Kurt Russell in “Stargate. ! 


Claudei ie Bui w 


• Newt Gingrich, Republican 
of Georgia and the incoming 
speaker of the U. S. House of 
Representatives, is reading 
u The Effective Executive" by 
Peter F. Drucker. 

“It is the best single book ra 
citizenship for the 21st century. 
Drucker is a remarkable stu- 
dent of management. Every cit- 
izen in the information age is, in 
fact an executive” 

(PaulF. Horvitz, IHT) 


B Stories Tall andComingRight at You 

™ ,™, c-p-3 las-srs 


Infrared plelc-up 
points 


Speaker 
(on each 
side) - 




th* adjustable headsets receive infrared signals beamed from the sides of the movie 

crystal tenses in too headset to open and dose 
rapWly, alternating with eaeh eye. TT» quK* action of theto^ raueee theelewerte 
oerceive the image in ttirea-dimensions, an effect enhanced by the size of toe screen. 
Illustration by Georgia Scott/N.Y. Times News Service 

Put on Your Goggles, 
A New 3-D Is Here 


By William Grimes 

.Yen York Times Service 


N EW YORK — For a hundred 
years, the cinema and technol- 
ogy have been locked in a 
tight embrace. Sometimes the 
relationship has been a case of misguided 
passion. Believe it or not, Smdl-o- vision 
race seemed pretty sexy. At other times, 
infatuation blossomed into love and 
marriage. Sound and color swept cinema 
off its feet, and the change was perma- 
nent. 

Big-screen 3-D has been an on-again, 
off-again affair. For the moment, it’s on 
again. On Friday, Sony will open a new 
theater complex in New York City that 
will include 12 traditional theaters and, 
as its crown jewel a theater that will use 
480 of its 600 seats to show 3-D Imax 
films on a screen 80 feet (24 meters) tall 
It will be the first commercial 3-D Imax 
theater in the United States. 

No, the audience will not wear card- 
board glasses with red and green lenses, 
as they did in the old days. That would 
look ally. Instead, they will put ra ab- 
breviated Darth Vader eyewear: wrap- 
around gray plastic goggles fitted out 
with infrared sensors, liquid crystal 
lenses and stereo speakers. This, of 
course, looks dignified. 

Sony is betting serious money — they 
won’t say how much — that the new 
| technology will make 3-D an alluring 
proposition once again, and that putting 
the audience in the picture will get them 
out of their living rooms and away from 
500-channel cable and videotapes. 

It's also betting that audiences will 
turn out to see not only mind-blowing 
space, wilderness and undersea docu- 
mentaries but also fiction films with rec- 
ognizable stars and nam e directors. 

The theater wiD open with “Into the 
Deep," a 35-minute underwater nature 
film, and “The Last Buffalo,” a 27-min- 
ute documentary. But next spring it will 
show “Wings of Courage,” a 40-minute 
historical drama about French aviators. 
Directed by Jean- Jacques Annaud, it 
stars Craig Sheffer, Elizabeth McGov- 
ern, Tom Hulce and Val Kilmer. 

“There are a lot of people sitting, wait- 
ing and watching,” said Tom Bernard, a 
co-president of Sony Pictures Classics, 
which is distributing “Wings of Cour- 
age.” “There are top-name directors 
waiting who want a hand in creating this 
new language.” 

The theater chains, eager to develop 
entertainment complexes with an array 
of attractions, are also taking a dose, 
very cautious look at 68th and Broad- 
way, the site of the new theater, curious 
to know precisely how many people will 
pay a dollar over the standard movie 
price for an abbreviated 3-D film. 

“If it does work, a lot of people, in- 
cluding us, will try to jump ra the band- 


wagon,” said W illiam J. Quigley, a se- 
nior vice president at United Artists 
Theaters, a chain with 2,300 screens in 
the United States. 

However, 3-D must first dear some 
high hurdles. The theaters are expensive 
to baOd, and at the moment there is no 
.guarantee of a steady flow of 3-D films. 
At the same time, producers have little 
incentive to turn out quality 3-D films if 
there are no theaters to put them in. (The 
new theater will be the third in the world 
— others exist in Japan and France — 
equipped to handle the new technology.) 

I MAX, founded by three Canadi- 
ans who made multipanel films for 
Expo ’67 in Montreal, has worked 
mir acles in cin ema tic gi gantism 
The company has developed cameras 
and projectors that use film more than 10 
times the size of a conventional 35mm 
frame and three times larger than 70mm. 
Essentially, Imax film is 70mm film 
turned on its side for a wider image. 

The lamps in the projector are 15,000- 
watt xenon arc lamps that were devel- 
oped by NASA to illuminate the space 
shuttle for night launches. They have to 
be cooled down with hoses. In the projec- 
tion booth at the Sony theater, it takes a 
forklift to place a spool of film on a 746- 
foot platter that in principle can hold a (9l 
four-hour Imax film. With 3-D, two reels 
unwind simultaneously. 

Because there are two platters un- 
spooling in sync, there is no room for 
error. “You can’t recover from a mis- 
take,” said Michael Satran, the projec- 
tionist at Sony's Imax theater. “The 
sound is synchronized, and the film is 
synchronized, so it has to be perfect 
With normal projectors, if you're out of 
frame, you can adjust a knob, and if 
there’s a break you can splice it With 
this, you lose the whole show.” 

Ideally, the audience never knows 
about the high-tension act in the projec- 
tion booth. It is looking at the 80-by-100- 
foot screen, made of perforated vinyl and 
weighing 800 pounds (360 kilog rams ). In 
response to infrared signals picked up by 
the sensors on the 3-D headset liquid 
crystal lenses open and close 48 times a 
second, allowing the picture to be seen by 
only one eye at a time, which gives the 
illusion of three dimensions. The effects 
can be stunning. The imagp seems to 
begin at the end of one’s nose and extend 
as far as the eye can see. 

But does an audience want to see. sav 
“My Dinner With Andrt” in three di- 
mensions on a screen the size of a two- 
car garage? At present, there’s plenty of 


skepticism. 
Success i 


Success will depend on the artistic 
potential of the technology. Three-D will 
other advance the art of film, or remain 
a giddy special-effects machine. The fu- 
ture is in the hands of the artists, not the 
scientists. 


.7 - 

■flu • 


. - ... 

<£& . 

■Vr • ■ • 

■AS : 


BOOKS 


WHAT THEY'RE READING 


nian enclave ol Srebrenica, 
packed standing in open trucks- 
for a 60-mfle tnp. “I was lying 
in bed here in Auschwitz — in 
Auschwitz — listening to this,” 




pjgg 


thought of a phrase I had read, 
somewhere; ‘History doesn’t re- 
peat itself, it rhymes.’ ” 

Imemotioaoi Herald Tribune ■ 


was not until after the fall of 
communism that the names be- 
gan to be restored. 

As these newly independent 
countries began to face iro to 
their history, Grnber sought to 
find out what knowledge re- 
mains and what uses are nude of 
Jewish memory and Jewish his- 
tory. “Have they left their mark 
anywhere, on anyone?” she asks. 

The answer, in all too many 
cases, is no. Only the ghosts 
remain. Jewish cemeteries are 
abandoned and desecrated. 
Synagogues have been turned 
to other uses. And as if the 
lesson of history had not been 
learned, Gruber reports that the 
fall of co mmuni sm has in places 
been followed by overt anti- 
Semitism and the rise of neo- 
Nazi skinheads. 

Researching the book was 
made complicated by the fact 
that tire collective memory has 
disappeared in many formerly 


important Jewish centers. All 
the Jews have gone. And gov- 
ernment officials often are still 
imbued with the Communist 
spirit of secrecy. 

For example, Gruber found 
that the Polish city of Oswiecim 

— better known as Auschwitz 

— had once been a shtetL But 
when she sought details of the 
its prewar history, a librarian at 
the dty archives refused to help 
her, saying that this was “secret 
Polish information.” 

This was not intended in any 
way to be a book about the 
Holocaust. By chance, however. 
Gruber was trapped by a snow- 
storm in Auschwitz and ended 
up staying at the new Center for 
Information, Meetings. Dia- 
logue, Education and Prayer 
close to the former death camp. 

Early one morning, she 
switched on her radio and heard 
about the evacuation of 2,000 
Muslim refugees from the Bos- 


By Alan Truscott 

O N the diagramed deal from 
the annual Expert Night at 
the Harmonie Club, some of the 
visiting experts did worse than 
the resident members. They bid 
to six no-trump, which appears 
to hinge on the diamond fi- 
nesse. After the lead of the ace 
and another heart, South 
cashed the diamond ace; drop- 
ping dummy’s jade to preserve a 
finesse possibility. Then the 
major-suit winners were cashed, 
followed by three top clubs to 
reach this ending: 

NORTH 

♦ — 


WEST EAST 

; 

*9 « 

♦ «— 

■? — 

> K 10 

* — 

It is unusual for an expert to 
go wrong in a two-card posi- 
tion, but it happened here, quite 


logically. South was sure that 
West was left with one diamond 
and a club winner, so he made 
the percentage play of finessing 
the diamond ten and failed by 
two tricks, for a bottom score. 
He was unlucky, for if East had 
held the club length he would 
have been forced down to one 
diamond and the play of the 
diamond king would have been 
obvious. 

NORTH 

* AQ 10 

* Q J2 

'JJ2 

* A K Q 7 3 


T" \ii.L 

- J 


WEST 

♦ 9 6 54 
S A 7 6 
A Q7 

♦ 9 6 5 2 


EAST (D) 

♦ 8 7 

T 10 8 5 4 
>9865 

♦ J J0-1 
SOUTH 

♦ K 3 32 
T K 9 3 

>' A K m 1 3 

♦ 8 


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International Tribune 
Friday . November 18, 1994 
Page 11 


The Latest Crop of 4 Baby Bistros 


By Patricia Wells 

International Herald Tribune 


weekly, a grand restaurant 
dcades to broaden its diStde by opening 
a tower-paced, more casual establishment 
next aoor, on the next block, across the 
P 16 P 1 *®* take off in a flash, filling 
a void one wouldn’t even imagine V gj 
there. _ 

With Gaya Rive Gauche, open on Rue 
. since last June, we witness the 
piggyback effect. Gaya Rive Droite (baby 
mstro to the grand fish restaurant Gou- 
mrd-Pranier) works so wdl, owner Jean- 
Claude Goumard decided to cross the 
Seme to draw the chic Saint-Germain 
crowd. 

My passion for fresh fish is no secret, so a 
menu that includes a well-seasoned «igH Q f 
skate in a caper vinaigrette; an energizing 
Mlad of fresh crabmeat; an unfussv grilled 
da urade dotted with olive oil and basil; or 



The marine-like blue-and-white decor 
puts you right in the mood, and the 
but well -chosen wine list offers some fine 
drinking. Try Lfen Beyer’s 1993 Riesling 
(175 francs or S33), Gaston Hurt’s 1992 
Vouvray (160 francs), or Chatea u de Passa- 
vanfs 1992 Anjou rouge (130 francs). Ta- 
bles are elbow-io-dbow, so this is not the 
place for a private, intimate tgfc-A-l&e. 

If more chefs listened to the public and 
just gave them what they were asking for, 
the gastronomic world would be a simpler 
place indeed. Five years ago, Yvan Zapla- 
tilek knew that the Right Bank Champs- 
Elysfes show-biz crowd wanted pretty, 
cozy, cheap and cheerful. So with Restau- 
rant Yvan, he gave them a dressed-up 
place that serves as a club that’s open to 
all. Keep the menu simple, yet modern. 
Don’t complicate, serve until midni g ht, 
and make diners feel they’re getting some- 
thing for their money. 

In August, the young Belgian chef qui- 
etly opened a bistro next door, Le Petit 
Yran, where the salon-like decor (which 
the French love to call “cozy") makes you 
happy you’ve left the confines of your 
living room. Even though you may not 
recognize anyone in the place, there’s an 
electric feeling in the air, as though you 


are, at last, in the right spot on the right 
night 

WhUfiYvan’s food lacks a certain finesse 
and refinement, it’s pretty hard to complain 
about a 138-franc menu that includes 
nicely seasoned rillettes of sardines; bro- 
chettes of tuna bathed in a creamy sauce 
and surrounded by generous portions of 
mashed potatoes, or a mix of boudin notr 
and boudin Wane, paired with sauteed ap- 
ples. There’s nothing here to make you 
reach a stale of ecstasy, but it's hard to walk 
away disappointed. Hbow-to-elbow is also 
the name of the game here, and the feeble 
exhaust system suggests that nonsmokers 
may choose to boycott. My biggest regret is 
the increasing trend toward paper napkins. 
Another sign of the slow demise of France’s 
once impeccable standards. 

Gaya Rive Gauche, 44 Rue du Bac, Paris 
7; tel: 45.44.73.73. Closed Sunday. Credit 
cards: American Express, Eurocard, Mas- 
terCard, Visa. A la carte, 300 francs, in- 
cluding service but not wine. 

Le Petit Yvan, 1 bis Rue Jean Mermoz, 
Paris 8; tel: 42.89.49.65. Closed Saturday 
hatch and Sunday. Open until midnight 
Credit card: Visa. 138-franc menu, includ- 
ing service and a glass of wine. 


Til JITS fill! 


AUSTRIA 


Vtema 

Palais Uechstentem. tel: (i) 317- 
6900, closed Mondays. To Jan. 8; 
"Hubert Schmallx." Austrian -bom 
Hubert Schmalbc is a representative 
of the "New Painting 1 ' oi the late 
1970s and '80s. The subjects include 
nudes, houses and figures oi ChrisL 
Museum Modemer Kunst SWtung 
Ludwig Wten. tei: (1 ) 31 7.69.00. To 
Jan.8: "Hubert Schmalbc New Padm- 
rng” 60 paintings by the artist (bom 
1962) in a large retrospective, fea- 
turing nudes. printings at houses and 
Christ figures from the past 1 0 years. 

BRITAIN 

Glasgow 

The Italian Centre, tel: (41) 
339.7517, dosed Sundays. To Dec. 
1& "Fuse." 32 contemporary artists 
show — 


London 

National Portrait Gallery, tel: (71 ) 
306-0055. open daily. To Feb. 12: 
"Christina Rossetti, 1830-1894." 
Documents the upbringing and the 
relations of the British poet Indudes 
portraits of her by Dante Gabriel Ros- 
setti, her brother, as well as other 




open dally. To Jan. 15: “Glad Tidings 
of Great Joy." 15 medieval, Renais- 
sance, and Baroque works of art from 
the Institute's permanent collection 
to tell the Christmas story. 

Los Angeles 

County Museum of Art. tel: (213)- 
857-6522, closed Mondays and 
Tuesdays. To Feb. 12: "Annie Leibo- 
vitz: Photographs 1970-1990." 150 
Images including portraits ot John 
Lennon, Bla Fitzgerald, and early 
black-and-white essays on the Rolf- 
Nixon. 


Royal Academy of Arts, teh (71 } 


494-5615, open daily.- Continu- 
ing /To Dec. 14: "The Glory of Ven- 
ice: Art in the 18th Century." 

South Bank Centre, tel:- (71 

8800. New. 19 to May T 

Tercen t enary. Celebrations, focusing 
on PurctfP8 theater music, at Queen 
Elizabeth Han with John EBot Gard- 
ner conducting a performance of 
"Wng Arthur." 

Tate Gallery, tel: (71) 887-6000. 
open daily. To Feb. 12: "Fran Gfitfns- 
borough to the Pre-Raphaelites: 
Works on Paper.” A selection cf Brit- 
ish wetercolors, including land- 
scapes by Thomas Girtin andTumer, 
drawings try Rossetti and engravings 
by Stubbs. 

Victoria and Albert Museum, tel: 
(71 ) 938-8500, open daily. To Feb. 
19: "Streetstyle: From Sidewalk to 
Catwalk, 1940 to Tomorrow." YVes 
Saint Laurent's beatnik Inspiration; 
Chanel's sequined surfer suit: Mos- 
chino and Dolce & Gabbana's hippy 
interpretations; subversive tribe fash- 
ion: punks, Teddy boys and borne- 
bays, rappers, whose looks are inti- 
tat ed by Ngh fashion. 

CANADA ‘ 


Robert Crumb, Art Spiegelman and Lorenzo Mattotti 
comics m New York show. 


Present" Reed and imaginary heroes 
are presented through activities, 
multi-media programs, computer 
games and tarns that track the image 
of both the ancient and modem hero. 


ITALY 


Venice 


Muste d’Art Contemporaln, tel. 
(514) 847-6226, closed Mondays. 
To Arri 16: "Highlights tf the Detec- 
tion." A new exhibition of works from 
the permanent cwBerttoopf lhe\ mu- 
seum between 1978 and 1902 in- 
ducting artists such as Dame4 Bureo. 
Charles Gagnon, Betty Goodwin. Mi- 
chael Snow and Barbara Stelnman. 


H'mpresskmisrrt: 

Paesaggi dal Petit Palais dl Ginevra." 
70 works representing women end 
landscapes, includes works by Fan- 
tin-Latour, Cafflebotte, Degas, Wsfing 
and Foujtta, as well as a bronze ty 
Gauguin. 


JAPAN 

Tokyo 

Hara Museum ot Contemporary 
Art, tab (3) 3445-0651, open dally. 
To Feb. 19: “Space, TVne and Memo- 
ry: Photography and Beyond in Ja- 
pan." More than 100 works by 12 
Japanese artists, showing how the 
photographers experimented wtth- 
photographic print and also with ad- 


vanced computer technology. The 
exhibition wffl travel to Mexico, Cana- 
da and the United States. 

SPAIN ~ 

Madrid 

Museo def Prado, tel: (91 ) 420-28- 
36. closed Mondays. "Fedenoo de 
MadrazD y Kontz." Features the 
works of the Spanish painter, who 
also was the c£ rector of the Museo 
twice. Includes portraits, history and 
retigious paintings. 


SWEDEN 


Stockholm 

National Museum, tel: (8) 866- 
4250, closed Mondays. To Jan. 8: 
"Erfk Fleming: Stiver from Atelier Bor- 
Qtia." Silverware created by the 
Swedish silversmith at the Atelier 
Borgiia which he founded in 1920, 
inducing the 800-piece sendee gNsn 
by the Sweetish people to PrinoeGus- 
tav Adolf and res wife in 1932. 


ing Stones and Presli 


New York 

Bard Graduate Center, tel: (212) 
721-4245, closed Mondays. To Feb. 
26: "Crosscurrents of Modernism: 
Selections from the Sydney and 
Frances Lewis Collection of the Vir- 
ginia Museum of Fine Arts.” More 
than 80 pieces of late 19th- and early 
20th-century decorative art. includes 
furniture, ceramics, silver, glass, 
book bindings and jewelry. 

Brooklyn Academy of Music, tel: 
(212) 307-4100. The New York pre- 
miere of Philip Glass' "La Belle et la 
Bete." an opera for ensemble and 
film. It features Cocteau's classic film 
for its mlse-en-scene and the screen- 
play as its libretto. Dec. 7, 9, 10 and 
11. 

Galerie SL Etienne, tel: (212) 
245.6734, dosed Mondays and Sun- 
days. To Jan. 7: "Coma Artets as 
Book Illustrators: Drawn to Text” 
Features book illustrations by five 
comics artists: Ftoben Crumb, Javier 
Martscal, Lorenzo Mattotti, Jacques 
Tanfi and Ait Spiegelman. 

Museum of Modem Art Id: (212) 
708-9400, closed Wednesdays. 
Continuing/to Jan. 10: "Cy Twom- 
bfy: A Retrospective." 

Metropolitan Museum of Art, tel: 
(212) 570-3951, dosed Mondays. 
To Jan. 29: "Pharaoh's Gilts: Stone 
Vessels from Ancient Egypt.” More 
than 140 objects eorempfitying Egyp- 
tian stonework: alabaster and obsidi- 
an vessels that served as cosmetic 
conta iners , funeral equipment and 
royal gifts. 


mint sm 



UNITED STATES 


Chicago 

Art Institute, tel: (312) 443-3600, 


On Nov. 20: "J 

Survey Since II - . 

Museum of Art, Philadel. 

On Nov. 20: "Panires: Bijoux Bhre- 
ques des Collections du Musee Bar-. 
bier-Mudler." Musfte das Arts Dd- 
coratifs, Parte. 

On Nov. 20: "A Chief of Ideas: Vol- 
taire and the Eighteenth Century." 
Plerpont Morgan Library, New 
York. 


llumlNwelr _ Ar+ . 

Louisiana Museum of Modem An: 
tat 42-1 9-07-19, open dally. ToFeb. 
5. 'Toulouse-Lautrec and Paris. 

the stars of the toil rooms and 


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.ernes. 


PRANCE 


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MUte Rodin, tef: ( 

and 55 drawings created between 
1936 and 1967. _ ^ ^ 

Theatre des Chattp^g^^^j 

Alexei Stepaniuk and condurteo uy 
Valer y Gergiev. 

MANY 



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New Look in Paris Museum Shops 


By Christopher Petkanas 

A IX-EN-PROVENCE. France 
— When in 1989. Paul Math- 
ieu told the now-interred 
American House & Garden, 
“Before I met Michael, I thought I was 
the only person in the world who had 
taste," it was a decorating shot heard 
around the world. 

Arrogance and silliness are endemic to 
the decorating mili eu, right up there with 
dust-gathering passementerie and cur- 
tains that bunch eight inches on the floor 
but, to the surprise of many, Mathieu 
and Michael Ray have turned out to be 
the French-American decorating team 
that just won’t go away. What is more, 
they are the creative team behind one of 
the more interesting Paris shopping sto- 
ries of the season. 

Their new collection of objects for 
Paris Musics, a group of 15 small muse- 
ums in the capital, was inspired by works 
of an in the Musee Carnavalet. 

The sand-blasted triangular motif on a 
set of lozenge-shaped drinking glasses 
was lifted off a Harlequin costume in the 
16th-century painting “L’Orme du 
MaiL” The gold leaves printed on Robert 
le H6ros’s raw linen apron and dish cloth 
(Mathieu and Ray acted as art directors 
for these items) recall elements of boiser- 
ies that adorned the Hdtel d'Uzes in 
Paris in the 18th century. 

From an earlier Paris Musses collection 
for which they commissioned objects 
from fellow designers and decorators, An- 
dite Putman came up with a bronze travel 
clock whose face is ornamented with a 
crown of bay leaves borrowed from those 
held by an 1808 lead statue of Victory by 
Louis-Siman Boizot, also in the Camava- 
JeL Patrick Naggar did a bronze serving 
tray whose Hp holds an arcing stem that 
finishes in a pair of wings suggested by 
Jules Con tan’s 1886 sculpture “La Paix 
Annie" in the Music du Petit Palais, 
another museum in the group. 



Jewelry of the * Lyre ” collection .■ 


T HE collections are sold at the 
Carnavalet, the Mus&e de la 
Mode et du Costume and the 
Paris Mus&s boutique in Les 
Halles; starting Dec. 15. they will also be 
sold at 29 bis Rue des Francs- Bourgeois, 
in the fourth arrondissement. Prices 
range from 55 francs (about $1 1) for a 
dish doth to 682 francs for a gold-plate 
bracelet with lyre-shaped links and 2,310 
francs for the clock. 

Mathieu, who is 34 and French and 
grew up in Lyon, and Ray. who is 32 and 
American and grew up in Fresno, Cali- 
fornia, seemed to really believe they were 
The Only Ones. Even if they were forced 
to acknowledge their membership in a 
design movement, the so-called New 
Barbarians, whose accepted leaders were 
Elizabeth Garouste and Mattia Bonetti, 
they seemed to inhabit a different pla- 
teau. 

Some assumed they were young and 
would just go away, taking with them 
their door pulls in the form of leaves, 
gnarled tree branches sawed into curtain 
rails and empty picture frames growing 
horns. Instead, they have moved on suc- 
cessfully from New Barbarianism, devel- 
oping an anecdotal style of decorating 
for serious patron-clients. 

Teaming up with the architect Gilles 


Bruec, Mathieu and Ray recently com- 
pleted new schemes for the Banque ae 
France here. Based in Aix, they axe also 
working on a 1927 penthouse outside 
Paris and on a townhouse in New York. 

In addition, they do a line of home 
furnishing fabrics for Donghia in die 
Doited States and are sculpting an eight- 
room luxury hotel out of a 15th-century 
maison de mattre in Carcassonne. 

“In the ’80s it was all about restora- 
tion,” says Ray, trend-tracking. “I don’t 
know what it is now, but all anyone 
wants to do is knock down walls.” 

Rather than cast around for a differ- 
ent architect for every job, he and Math- 
ieu recently brought one on staff, Herv6 
Kakouridis. 

There is also their association with 
Andrfe Putman. When in 1990 Mathieu 
and Ray failed an audition to decorate 
Chateau Mazmont, the Los Angeles ho- 
tel, Putman benight up the prototypes 
and put them in production for her firm, 
Ecart International, which also makes 
re-editions of pieces by Jean-Michel 
Frank and Eileen Gray. 

In their work for Paris Musics, Ray 
says he and Mathieu have tried to do 
something “not just for those passing 
through the city on a visit, but for people 
who live in the neighborhoods where the 
museum shops are located. We want peo- 
ple to become accustomed to using the 
shops in the Carnavalet and Musie de la 
Mode even if they don’t happen to be 
seeing an exhibit there.” 

There have been glitches. The board 
that approves the designs last year gave 
the go-ahead for a scarf silk-screened 
with a human skull from the Paris Cata- 
combes museum. Then the board be- 
came a little uncomfortable with the sub- 
ject, and withdrew its approval 

Christopher Petkanas’s history of the 
New York decorating firm Parish-Hadley 
will be published next year by Little, 
Brown. 


Farming . 



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PARIS QUARTET HOTELS 



|| FOUR OWNER-MANAGED HOTELS 
>• Spread across PARIS Each with a courtyard 
I: Special welcome for Herald Tribune readers 


HOTEL DE L'ABB&YE 

Saint-Germain 
10, rue Cassette 
75008 Paris 
TeL: (1)45.44.38.11 
Cable Abotal . 

Fax: (1) 45.48JJ7.86 1 

An IBth century towhouse between 
courtyard and garden offering a 
refined mixture of traditon and 
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HOTEL DE NOA1LLES 
9, rue de la Michodtere. 1 

75002 Paris f 

TeL: (1)47.42.92.90 / 

Tlx: 240644F w / 

Fax: (1) 49.24.92.71 

The serenity of the Japanese garden 
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Opera, SB large, well-lit rooms, 
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unmistakable quality of simplicity and 
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SELECT HOTEL 
1 pi. de la Sorbonne 
75005 Paris 
Tei- (1) 4&34.14J0 
Fax: (1)46.34^1.79 
Contemporary elegance In the heart 
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duplex suite offering the perfect mix 
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special hotel. 


UNION HOTEL ETOILE 

MUST 1 * 


TeL (1) 4fL83.14.85 
The 61 1394F 
Fate (1) 47 55 94 79 
42 large, pretty rooms and residential 
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Etoile. The perfect spot for business, 
entertainment and mopping. Private 
bar. Excellent service. 






HOTEL DE L'ELYSEE 

*** 

12, rue des Saussaies, 75008 Paris 
Tcfc|l)42ffi28BFa:|l)4265 6428. 

Quiet luxury in the business center 
A few steps from die Fg St-Hcwxx6 
& the Champs- Elysees, 

32 refined & comfortable rooms 

Prices from FF 580 


Present Ibis when reserving 
far your compUntenlary breakfast 


residence 

LORD BYBON 

5 rue Chateaubriand. Pari* 8fh, 
Tel: 11) 43 59 83 98 
Tlx: B49 662 - Fax: (1) 42 89 46 04 
HER Etofla, Metro George V 

HOTEL 

MAYFLOWER 

3 me Chateaubriand. Paris 8th 
TeL: (1) 45 62 57 46 - The 640 727 
Fax: (1)42 56 32 38 

7Vo charming*** hofabcmacaJm 
street just OH the Champs Elyaies 
near Etoile Helmed ana comian- 
Gble rooms with garden 


*** 

HOTEL DE L'UNIVERSITfi 

22, rw do nifllvcrslli. 75007 TARIS 
M; (I) 42.8 1.09 .39 - Kav (1) 42.60.1081 

A short walk Trom the prcsU^nus Musfr 
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Air-conditioned rooms. 



HOTEL MADISON *** 

Nestled in a charming square just off the 
boulevard, the Madison will ensure your 
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143 bd. St Germain, 75006 Paris 
TeL: (1)40 51 60 00 Fax: (1) 40 51 60 01 


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frtti G ALBUE 5 
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141 , me Sum Honor*, 75001 PARIS 
TeL: 0O33/I/42.9&2U3 
Fax: 003 Wtt.96-2 1.61 

Ideally limited m rhe hton of Paris, a 
snrne' » thi.m away ri-xn the Grand 
LOUVRE and Orsav Museums, 
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SAINT HONOR E mil pro,. Jr. 
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• 3 nights for only: 1725,- FFre 

• 4 nights for only: 2100,- FFrs 

{ Rates tiKlude acoxnmodacian in Double roam, Breakfan for twn, all (tpveramenr 
taxes and Service Charge. City tax; 6 FF per person per day extra. Offer sdqccr to 
rreun avaibbiUt^ 1 , valid frnm November 18th, 1994 tfmi. Match 31st. 1995). 


RELAIS MEDICIS 
23. Rue Racine 75006 PARIS 
TeL: (1)43.26.00.60 
Fax: (1)40.46.83.39 


RELAIS SAINT-GERMAIN 

9. canefour de I’Oddon 75006 PARIS 
Tel.: <1)43.29.12.05 
Fax: (D46J3.45J0 



HOTEL 


& 

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Saint-Romain 

5-7. rue Saint Roch, 75001 PARIS 
TeL; 0033/1/42-6031.70 
Fax: 0033/1/42^0.10^9 
A short stroll away from the Rue de 
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Com pH me friary Breakfast for Herald Tribune Reader* 


Member Of CHATEAUX- HOTELS [NDEPENOANTS 


Hotel prigtjton 

Paris 

•a* 

21 B, me Cte Hivoli 
h 75001 PABIS 
|£] TeL: (1) 42.6013003 
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Traditional French refinement 
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Private tea room offers an 
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-10% Special discount for 


ape 

Herald Tribune tcaAai. 




Ctarmmg Motels 
inTaris 

will next appear 
on 

December 2 
For informations contact- 

Fred Ronan in Paris 
TM-: (33-046.37.93.91 
Fax: (33-1) 46.37.93.70 



















































































































X," : 



(~M fj&Q 



** : 


International Herald Tribune, Friday, November 18, 1994 . 


Page 13 



THE TSIB INDEX: 11 4.31 SI 

byJStoomberg 0 ° mp " et ' 



fijcC » •••• ■ , ■/■’*' •■ ■ ■ 

J A 


World Index 

11/17/54 clcsc: 114.31 
Previous: 114.76 




#•1 •. 


Li l_ 

O 


Asia.T^acffic 


-L -I — t_ 
N 

1994 


Approx. Migh&np 32% 

Hi Cte* 125.75 Prev.: IPS BO 
150 - 


Approx, weghting: 37% 
Close: 116.07 Prev.: 116.73 




&mm. 


£Sfe£SSg _ 

A S O N 




1994 


O N 
1934 


North America 


Larin America 


Appro. waging: 28% 
Closa 96.49 Prev 4 96.66 





J *7 

1994 


77m Mk tracks US. Mr values of stocks rt Tokyo, Now York, London, and 
Argartlna, Autrafto. AmUa, BtfgHxn, Brazil, Canada, Cttto, Denmark, Hntand, 
Franca, Germany, Hong Kong, Raty, Maxfco, Nethertanda, Nov Zealand, Nonray, 
Skiffipore, Spain, Sweden, Mtaertand and Vanazwria. For Tokyo. New York and 
London. Urn Max h composed ot the 20 top fosuea n toons of market eapdaba d on, 
otherwise the ten top stocks am backed. 


I Industrial Sectors 1 


no. 

ftWL 

* 


Thu. 

Pnw. 

% 


ckm 

eksee 

«te» 


ckm 

ckm 

tew 

Bwgy 

11174 

11182 

- 0.07 

Capital Qooth 

11526 

11667 

- 0.70 

urn* 

127.78 

12824 

-026 

Raw Materials 

132.75 

13363 

-021 

Finance 

11128 

11169 

-036 

Consumer G«xb 

10112 

105 L 56 

-042 


11672 

117.15 

-037 

UscaSaneous 

122.40 

12151 

-060 


Why Europe Can’t Create Jobs 

Report Gills State Interference the Prime Culprit 


By Erik Ipsen 

huernaiionat Herald Tribune 

LONDON — A new study. Hying in 
the face of conventional wisdom, sug- 
gests that government interference in the 
markets in which goods are sold, and not 
so-called labor market rigidities, is the 
principal culprit in Europe's poor record 
of job-creation. 

The year-long investigation of how 
jobs axe created and disappear in six of 
the world’s leading economies also re- 
futes convention with its finding that the 
United States has not only excelled at 
generating new jobs since 1980 but even 


industries such as retailing and restau- 
rants. 

The report pointed to a host of what it 
termed “product market restrictions" 
that are holding back job creation in 
other sectors. Among those it faulted 
were restrictions imposed by govern- 
ments ranging from tight zoning laws to 


at generating highly skilled, highly paid 


jobs as 

“Everybody from central bankers to 
politicians to private sector analysts has 
pretty well settled on the labor market as 
being the problem,” says William Lewis, 
the director of the McKinsey Global 
Institute, the Washington-based inde- 
pendent research arm of the manage- 
ment consultants McKinsey & Co. 

In a report being released Friday, 
McKinsey disputed that notion. “We 
find that the labor market is only half the 
problem at best” says Mr. Lewis. 

More specifically, he insisted that 
while such things as Europe’s high mini- 
mum wages and social costs have effec- 
tively barred the creation of new jobs, 
this is only true for low-wage, low-skill 


'There needs to be a 
rebalancing of priorities.’ 

William Lewis, director of 
McKinsey Global Institute 


regulations that effectively impede fi- 
nancial innovation. 


The authors noted that Continental 
countries had unemployment rates of 
only about 2 percent in 1970, roughly 
equal to that of Japan. The report specif- 
ically examined France, Germany, Italy 
and Spain, as well as the United Statu 
and Japan. Today joblessness exceeds 10 
percent of the work force. 

In the seven industries analyzed in the 
report the United States led in job cre- 
ation in every one. Furthermore, the re- 
port sharply rebukes the popular notion 
that as Mr. Lewis puts it those jobs have 


been largely confined to “hamburger 
flippers.” 

“Much to our surprise, the U.S. econo- 
my emerges as locking much, much bet- 
ter than anyone would surmise from 
reading the headlines in the papers,” said 
Mr. Lewis. The report concluded that the 
United States created more skilled jobs 
per 1,000 workers than either France or 
Germany in the period between 1980 
and 1993. 

It is in the service sector that the Unit- 
ed States stands in a class by itself. In 
most of the industrialized world, the ser- 
vice sector accounts for 70 percent of the 
jobs. More importantly, Mr. Lewis said 
that “all the growth" is there. 

It is in that critical sector that Europe 
has performed worst according to the 
report, largely as a result of misguided 
government policies. Id finance, for in- 
stance, the report noted that the willing- 
ness of U.S. authorities to countenance 
innovation in finanrial products and ser- 


vices has opened up vast new job oppor- 
in a highly 


tunities in a highly paid industry. 

Mr. Lewis offered no apologies for the 
implications of the report’s recommen- 
dations. “Given the severity of the unem- 
ployment problem in Europe and the 
social tensions it generates, we are saying 
as outsiders that there needs to be a 
rebalancing of priorities,” he said. 
“There is no free lunch here.” 


AT&T Becomes 
Potential Bidder 
For Groupe Bull 


By Barry James 

International Herald Tribune 
PARIS — AT&T Corp. 
emerged Thursday as a poten- 
tial bidder for France's unprof- 
itable state-owned computer 
maker, Groupe Bull, in wbat 
appeared to be an attempt to 
gam entry to Europe’s protect- 
ed telecommunications market. 


Hilton Hotels Ponders Going Up for Sale 


For mom information about the Max, a bookfat Is avadabie free of charge. 

Write to Trib Index, 1B1 Avenue Charles de Gaulle, 92521 Neuity Codex, France. 


© (ntamaUonel Herald Tribune 


BEVERLY HILLS, Califor- 
nia — Hilton Hotels Corp. said 
Thursday it was exploring ways 
to increase shareholder value; 
including potting the company 
up for sale. 

The company has hired 
Smith Barney & Co. to advise 
its management 

Other possibilties the compa- 
ny is considering are spinning 
off businesses, a reorganization 
of the company’s finances, 
forming alliances with other 
conqsanies, or the repurchase of 
Hilton shares. 

Hilton stock surged 510 to 
close at S67.875. 


by Cor 

after World War L the compa- 
ny is one of the largest hotel 
chains in the United States and 
Europe, with more than 82,000 
rooms. It also has interests in 
gambling, with five casino ho- 
tels in Nevada and other inter- 
ests in Australia and Turkey. 

Under a trust agreement set 
up after the death of Conrad 
Hilton, his son Barron, who is 
sow Ifilton's chairman, cannot 
sell the company for less than 
$75 a share, according to James 
Schmitt an analyst at West- 
country Financial. 

Analysts said the announce- 
ment was a sign that Mr. Hil- 


ton, whom they described as 
conservative, was assuming a 
more aggressive approach. 

Investors have blamed Mr. 
Hilton for failing to move more 
quickly to boost revenue and 
earnings by expanding the com- 


pany's gambling operations 
outride Nevada ar 


spective buyer would be willing 
to pay a higher price next year, 
or in 1996,” he added. 

In addition to Hilton’s five 
casino hotels in Nevada, it has a 
riverboat casino in New Or- 
leans. It also operates casino 


and acquiring 
smaller casino companies and 
additional hotels. 

Mr. Schmitt said Hilton Ho- 
lds was fairly valued at S66 a 
share, but he said the company 
could be worth as much as $86 a 
share by 1996. 

“Maybe there’s a way that 
Barron Hilton can get the com- 
pany structured so that a pro- 


properties in Turkey, Australia 
and Canada. 


tital- 


Hilton has a market 

ization of $3.26 , 

on its share price Thursday. 

Last year, Hilton reorganized 
its operations, separating its ca- 
sinos and hotels into two divi- 
sions to try to expand its casino 
businesses. f Bloomberg, 

AP, Knighl-Ridder ) 


A spokeswoman for Bull said 
the government had forbidden 
any comment on a report that 
AT&T and a French partner, 
QuadraL a holding company, 
were seeking to buy a 40 per- 
cent stake in Bull. In the United 
States, a spokeswoman for 
AT&T said the company’s poli- 
cy was not to discuss potential 
acquisitions and mergers. 

But an industry source famil- 
iar with the talks confirmed 
that exploratory discussions 
were under way with the 
AT&T-Quadral partnership. 

Bull has been conducting 
partnership negotiations for 
several months with European 
and U.S. corporations. The 
chairman of Groupe Bull, Jean- 
Marie Descarpen tries, predict- 
ed in September that bidding 
would start this month. 

The government owns 76 per- 
cent of Groupe Bull directly 
and 17.2 percent indirectly 
through the national telephone 
and telecommunications utility, 
France Telecom SA. 

The privatization of Bull is a 
priority for the government, 
which after pumping $2.1 bil- 
lion into the company promised 
the European Commission that 
such capital injections would 
cease. 

Bull has lost nearly $4 billion 
in five years but has forecast a 
return to profitability in the 
second half of next year. As 
part of a restructuring plan, it 
has cut more than 10,000 jobs 
since 1991 and sold some of its 
units to Wang Laboratories Inc. 
of the United States. 


NEC Corp. of Japan, an elec- 
tronics manufacturer, has a 4.43 
percent stake in Bull and is ex- 
pected to increase this to 10 per- 
cent, in what is widely seen as an 
attempt to get a foothold in Eu- 
rope’s protected telecommunica- 
tions market. The reported 
AT&T bid appeared to be an 
even more vigorous attempt to 
gam entry into that market. 

Martin OerteL an analyst 
with Datequest, a market re- 
search firm, said it was an at- 
tempt to “cozy up to France 
Telecom” rather than to own 
Groupe BuIL “It’s more of a 
strategic move to get a foot in 
the door in a company that’s 
closely linked to France Tele- 
com,” he told Bloomberg Busi- 
ness News. 

Analysts said AT&T was less 
interested in Bull’s computer op- 
erations because it already has a 
strong position in the global 
computer market as a result of 
having bought NCR in 1991. 

But sources at Bull said it was 
unlikely that the company would 
be sold merely as a gateway to 
the European telecommunica- 
tions market They said it had 
developed several products and 
technologies on its own and was 
primarily interested in partners 
m similar fields. Mr. Descarpen- 
tries said recently that Bull was 
looking for a partner who knows 
the industry rather than one with 
deep pockets. 

Some analysts said the gov- 
ernment would have to think 
twice before allowing the big- 
gest rival to Alcatel Als thorn SA 
of France such a strategic foot- 
hold in the French and Europe- 
an markets. 

According to the financial 
daily Les Echos, AT&T and 
Quadral presented their pro- 
posal to the Finance Ministry 
and Industry Ministry last 
week, saying they would devel- 
op Bull as a provider of systems 
and information services. 


Thinking Ahead /Commentary 


The West Must Stay Firm With China 


By Re ginal d Dale 

International Herald Tribune 

W ASHINGTON —The West 
now has a once-only chance 
to propel China along the 
road to economic reform 
«nd induce it to become a constructive 
player in the world economy. It is vital 
that the West — and above all the Unit- 
ed States — not let this huge prize slip 
away. 

The opportunity comes from China's 
fervent amb ition to become a fo un di n g 
member erf the new World Trade Organi- 
zation due to be set up in Geneva at the 
beginning of next year, provided it is first 
approved by the U.S. Congress. 

ft ^ cfcariy in the rest of the world’s 
interest that China submit itself to inter- 
national discipline by joining the WTO. 
But the admissi on terms must include 
cast-iron commitments to open up the 
country’s still largely centrally planned 
economy, the most protectionist of any 
major country. 

If China is allowed to continue on its 
current mercantilists path, it wfll ms- 
rupt the world trading system anti under- 
mine plans for an Asia-Pacific free trade 
area by2020 launched this week m Ja- 
karta. Fortunately, the urgency of Be- 
ing’s desire to jom the WTO gives the 
West enormous leverage. 

Although it is erf only symbolic value, 
rhin* attaches nugor political impor- 
tance to achieving founding-member sta- 
tus. Beijing is particularly anxious tojorn 
no later man Taiwan. 


The principal economic incentive is 
guaranteed nondiscriminatoiy treatment 
For China’s exports worldwide. Benina 
also believes the WTO will help shield it 
from aggressive unilateral trade policies 
by the United States. 

Now, as the negotiations near the 
deadlin e, Ghina is h ma tin g increasingly 


to get into the dub, and even warning 

thouf WTO 


that it could get along fine wit 


If China is allowed to 
continue on its current 
mercantilistic path, it 
will disrupt the world 
trading system. 


memb ership if the West makes the entry 
terms too tough. That is pure bluff. 

The real problem is that China is still 
trying to evade paying the full entry 
price, which means accepting the capital- 
ist tree-market principles that have gov- 
erned the Westomndomicated world 
trading system since World War II. 

“There is no reason to believe that 
China is committed to establishing a truly 
open, free-trading economy,” writes 
Gregoxy J. Mastcl in a report on China 
and the WTO, just published by the Eco- 
nomic Strategy Institute in Washington. 

China does not recognize the basic con- 
cept of nondiscrimination against the 
companies and nationals of other coun- 


tries and feels quite free to break promises 
not to steal their intellectual property. An 
opaque tangle of import barriers, restric- 
tions, subsidies and currency manipula- 
tion is designed to keep out imports and 
boost exports at almost any cost. 

The West must insist that China com- 
mit itself to applying the free-trading 
roles of the international system for ev- 
eryone to see, subject to proper review 
and enforcement procedures. Beijing 
must not be allowed to hide behind pho- 
ny claims of devdoping-country status. 

“If China is permitted to gain the 
benefits of membership, while persisting 
with mercantilistic practices, it will make 
a mockery of the WTO’s free-trade prin- 
ciples and threaten the entire global trad- 
ing system." Mr Masted writes. “Western 
markets could be devastated by exports 
from a protectionist, state-directed econ- 
omy possessing enormous pools of low- 
cost labor.” 

Once fhhia is admitted to the WTO, 
most of the West’s leverage will disappear. 
As China grows more powerful, the West 
is unlikely ever a gain to have such a gold- 
en opportunity to influence its direction. 

So far, however, the United States has 
been left to make most of the running 
alone. By seeming to hang back, other 
countries have allowed Beijing to turn the 
issue into a U.S.-Chinese dispute. 

The European Union should make it 
quite clear to Beijing that this is a matter 
of world importance. So should Japan. 
Getting the terms right is far more im- 
portant than sparing China’s feelings. In 
the long ran, it is in China’s interest, too. 


^Frightening’ Unemployment 
Likely to Linger in Germany 


By Brandon Mitchener 

International Herald Tribune 

FRANKFURT — German joblessness will 
remain at a “frightening and unacceptable level” 
in 1995 despite economic growth of 3 percent, 
Germany’s official council of economic experts 
said Thursday in their annual report to the 
government. 

The independent experts, popularly known as 
e “five wise men,” estimated the current level 


the 


of official and hidden unemployment in Germa- 
ny at 53 million. They predicted that i 


They pi 

the official number of : 


next year 
jobless would fall by 
30,000 in Western Germany to 233 million and 
by 60,000 in Eastern Germany to 1.09 million, 
stubbornly resisting the effects of general eco- 
nomic growth. 

In addition to issuing the forecasts, which 
largely echoed other recent predictions, the 
council criticized Bonn’s lack of progress on 
downsizing the federal government, reducing 
new debt accumulation and introducing overdue 
changes in the country’s tax, social security and 
health care structures. 



But the five were generally optimistic about 
the state of the German economy. “While not 
entirely free of gray tones, our forecast for 1995 
shows a bright picture,” they said, cautioning 
that “the picture is dimmed by unemployment” 
The report is a culmination of a year’s work for 
the so-called wise mm, each an acknowledged 
expert in his field of economics. 

In the report, which was delivered to Chancel- 
lor Helmut Kohl Thursday evening, the five said 
the federal government’s fiscal policy “lacked a 
rfpar medium-term plan to reduce government 

u!ct” andT caBe^ornit to^Iowertexes and fees that 
burden the economy. 


In particular, the wise men said the 73 percent 
“solidarity tax” surcharge on personal income 
that will be imposed in 1995 should be reduced to 
5 percent m 1996, 2J5 percent in 1997 and elimi- 
nated a year later. So far, the government has 
only said it would “review’’ the tax on an occa- 
sional basis and eliminate it when the burden of 
German unification has been reduced. 

Uwe Jens, an economics spokesman for the 
opposition Social Democratic Party, said the 
report should be seen as a prescription for a 
“round table” of government, labor, industry 
and the Bundesbank that is aimed at maintaining 
the rate of economic growth and creating jobs. 

Economics Minister Gunter Rexrodt agreed 
tha t unemployment would remain a serious 
problem, but took issue with the council's fore- 
cast, which is higher than his own. 

The federal government is legally obligated to 
comment an the report, but when it does, it 
typically “leaves out the controversial issues,” 
according to Wolfgang GlSckler, a spokesman. 

Banking and industry lobbies, meanwhile, said 
the report confirmed the need for further struc- 
tural change in the German economy. 

■ Volkswagen Narrows Loss 

Volkswagen AG, Europe's largest carmaker, is 
moving closer to its announced goal of breaking 
even this year and said Thursday it narrowed its 
pretax loss for the first nine months to 73 million 
Deutsche marks ($47.08 motion from 1.532 bil- 
lion DM a year earlier, Bloomberg Business 
News reported from Wolfsburg. 

In the third quarter, the company almost dou- 
bled pretax profit to 136 million DM from 70 
million DM a year earlier. It said the economic 
recovery in its main markets as wdl as the effects 
of streamlining its operations had been the main 
factors in the improvement- 


Traders 
Profit at 
Salomon 


Bloomberg Business Hews 

NEW YORK — Salo- 
mon Brothers Inc. is paying 
three traders almost $100 
million in compensation 
even though the securities 
firm posted a record loss of 
$547 million in die first 
nine months of the year. 

Salomon paid Dennis J. 
Keegan, the bead of its U.S. 
bond arbitrage group, 
about $30 million in com- 
pensation this year, people 
familiar with the firm said 
Thursday. 

Andrew S. Fisher, a 
mortgage-bond trader in 
the group, also received 
about $30 million. Robert 
M. Stavis, a government 
bond trader who works for 
Mr. Keegan, got about $35 
million. 


The firm paid these sums 
because its bond arbitrage 
unit, where traders bet the 
firm’s own money, earned 
almost $1 billion in the year 
ended Sept. 30. people fa- 
miliar with the firm said. 
Overall, Salomon's propri- 
etary trading business 
earned $487 million in that 
year. 


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Spying Oiarge Could Delay 
Samsung’s Carmaking Goal 


Reuters 


Sources: Reuters. Uoytn Bank. 

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km arlces; New Ytart Comte (OecamberJ 
Source: Ro u ters. 


SEOUL — Samsung Heavy Industries Co. faced a storm of 
criticism Thursday after being accused of industrial espionage, 
allegations which may cost the company its entry into automat- 
ing, executives said. 

“1 really am worried the industrial espionage charge will have a 
bad effect on our passenger car plans,” a Samsung executive said. 

State-owned Korea Heavy Industries & Construction Co. said 
it had lodged an industrial espionage complaint against Samsung 
Heavy, the shipbmkimg and heavy equipment unit of Samsung 
Group. 

A Korea Heavy Industries spokesman said a complaint had 
been lodged with police in the southeastern dty of Changwon 
after an employee detected fonr Samsung engineers taking pic- 
tures of production facilities. 

“These photographs show Samsung wanted key know-how 
related to production, setting up and operation of our Goliath 
cranes,” the spokesman said. 

Samsung Heavy Industries denied the charges, saying the crane 
at issue was old and there was nothing valuable to know about it. 

But analysts said the case could deal a fatal blow to the 
credibility and confidence Samsung has tried to build up to 
convince the government that it should enter the car market 

Samsung has for two years been trying to swing public opinion 
in favor of its entry into carmaking, but has yet to obtain 
government approval. 


Von Ernst Global Portfolio 


S1CAV 

Luxembourg, 1 1, rue Aldringen 
R.C. Luxembourg N° B 30176 


Notice to the Shareholders 


The Board of Directors of the Sicav has resolved on Novem- 
ber 4, 1 994 the declaration of interim dividends for the follow- 
ing sub-funds: 

USD 0.26 per dividend share 
DEM 0.29 per dividend share 
GBP 0.25 per dividend share 
DEM 0.12 per dividend share 
DEM 0.17 per dividend share 


Global Bond 
European Fixed Interest 
Sterling Fixed Interest 
DM Bond 
DM Short Term 


The dividends will be paid on November 22, 1 994 to share- 
holders on record on November 14. 1994 (NAV per November 
1 1, 1994) against remittance of coupon N°8 for Global Bond. 
European Fixed Interest and Sterling Fixed Interest and cou- 
pon N° 1 for DM Bond and DM Short Term. The shares will 
be quoted ex-dividend as from November 15, 1994 (NAV per 
November 14, 1994). 


Paying Agent: Kredietbank S.A. Luxembouigeoise 

43, boulevard Royal, L-2955 Luxembourg 

By order of the Board of Directors 





i 

i 

i 

i 




Page 14 


INTERNATIONAL HERALD TRIBUNE, FRIDAY, NOVEMBER 18, 1994 


MARKET DIARY 


II-S./AT THE CLOSE 


Big Board Slumps 
On Rate-Rise Fears 


VnAttAMMhWI 


Dow Jones Averages 


EUROPEAN FUTURES 


Daily dosings of the . 

Dow Jones industrial average 

4000 


Onan Mgti lot* Loo Qt*. 

Indut Mfl 3849JB 3808J3 3B28J5— IMS I 
Trans UUtf 148471 147376 1475.79 — *-38 I 
UOI 17733 177.04 ITS. 19 1/5.77 —0.92 
Comp 128072 128022 1289.13 12/3 10 — 8 71 


Metals 


Compiled bj Ow Staff From Dispatches 

NEW YORK — Tie stock 
market fell Thursday on con- 
cern that rising interest rates 
will crimp consumer spending 
and prompt investors to puli 
money out of stocks in favor of 
bonds and cash, traders said. 

“There’s a lot of concern that 
mutual funds will start to get 


U^. Stocks 


redemptions as people want to 
go elsewhere with their money," 
said Richard Ciardullo, head 
trader at Eagle Asset Manage- 
ment Inc. 

The Dow Jones industrial av- 
erage fell 17.15 points to 
3,828.05, while losing issues 
outnumbered advancing ones 
by a ratio of 2 to 1 on the New 
York Stock Exchange. 

Hie price of the benchmark 
30-year Treasury bond fell 
1 1/32 point, to 93 even, taking 
the yield up to 8.12 percent 
from 8.09 percent Wednesday. 

“The market fears the worst 
of all possible worlds, which is 
stagflation: an uptick inflation 
plus a drop in growth," said 
Michael Metz, market strategist 
with Oppenhdmer & Co. “Peo- 
ple are afraid that an increase in 
interest rates is going to choke 
off growth.” 


Industries most sensitive to 
interest rates, such as banks and 
retailers, were among the big- 
gest dec liners. 

“We’re seeing more fallout 
from Tuesday’s rate rise,” said 
Todd Clark, senior director in 
equity trading at Mabon Secu- 
rities Corp7“Banks are taking it 
on the chm, and the retailers are 
getting hit.” 

AT&T was the most actively 
traded issue on the New York 
Stock Exchange, rising % to 
5214 after it emerged as a poten- 
tial bidder for Groupe Bull the 
struggling French computer 



A Poor's Indexes I 


Industries 
Trans*. 
Utilities 
rmonca 
SP 500 
SP 100 


High Low Close ch'9* 
HUB 55120 55323 —1X12 
35532 35251 35232 — Z17 
149.11 14876 14933 +032 
4234 4131 41.77 —037 
44533 46137 46356 —234 
43334 42930 432.17 — 133 


NYSE Indexes 


High LOT* LM On- 


Composite 

industrials 

Tronic. 

Utility 

Finance 


234.73 25230 253.49 —1-22 

323.36 32033 33130 —135 
229.10 22730 237.07 —1.05 
19935 19037 198.71 -Ul 
19934 19738 >9734 —1.90 


Close 

Bid Ask 
ALUMINUM IHWi Grade! 
Mien ear motncMw 
Soot 192130 192230 

Forward 193230 193330 

COPPER CATHODES (Hlgn 

par** P * r « 

Seat 289330 289430 

Forward 284130 284230 

LEAD 

DoBor* per mefrjctoa 

Spat 67230 67330 

Forward 69030 69130 

NICKEL _ 

Dalkn per 

Spot 733330 754030 

Forward 7*6030 766530 

TIH _ 

Do Bans per OTetrtcfon 
Spot 620030 671030 

Forward 630030 631030 

ZINC 1 Spec ial Hteh Grade! 
Dollars per metric ton 
Spot 117030 117130 

Forward 1 19530 119630 


Pie ri o u s 
Bid Aik 


190050 1909 JO 
192430 192530 
Grade! 


Hioe low Last sew* 

uty T5TJ0 J ®J5 ]s 3 ji u^ 

S? i&* gg ^ 

a NT B:t: n.t: +G2S 

*EAvolul!w; 14381. OptnM.WOJ 


291330 291830 
285330 2BS530 


S® s S l MTSTi 


TOT 1635 1430 +0.19 

& g its 82 

r as £? ™ its tvA 

s ft ft ft its 

S MAS M3P • 1645 ,t3B +<L14 

Esf. Whinw: 4Z3B9 . Open hit. 151330 


68130 *8230 
69930 70830 


769030 790030 
782030 783030 


621530 02530 
631030 632030 


>623 +030 
16.18 +014 
1622 +0.14 
1636 +014 
1630 + 0.14 
1634 +OM 
1638 +014 


118630 118730 
121130 121 ZOO 


Stock Indexes 

HU L«n» CV*« OWN 


Financial 


M J JA S O N 
1994 


NASDAQ Indexes 


HU LOT* Lost Dig. 


company. 

Wal-Mi 


Mart feU % to 22% de- NYSE Most Actives 


spite reporting a 13 percent in- 
crease in third-quarter profit. 

Hewlett-Packard rose 1% to 
100% after the computer maker 
reported stronger earnings for 
its fourth quarter than analysts 
had expected. 

BankAm erica slipped % to 
40%, leading a slump among 
banking issues on fears that 
higher rates would eat into 
earnings. 

Concern that higher rates 
may slow auto purchases drove 
down the Big Tliree carmakers, 
with GM losing lVfc to 38%, 
Ford falling % to 28% and 
Chrysler down 1% at 49%. 

( Bloomberg, AP) 


Composite 

todushlcls 

Banks 

Insurance 

Finance 

Tramp. 


77038 764.17 767.15 —2X9 
77938 77X51 77638 — 3.15 
707.16 70138 702.01 — 5.95 
90634 89958 ,0619 -033 
887.98 88050 88X47 —4.77 
67841 675.16 67871 -156 


AT&T 

WalMOTt 

GnMetr- 

TeiMe* 

Merc k 

RJRNOb 

HewfPfc 

Motortas 

□toiw 

Qirvstr 

FardMS 

BankAm 


Vet High 

52W 
23ft 
4045 
S2H 
37*4 
7 

102V, 

6m 
36 
51 

28*6 
41ft 
28*6 
49 Vi 
63 V, 


Dow Jonss Bond Averages 


20 Bonds 
TO utn me* 

10 Industrials 


AMEX Slock Index 


Mob Low Last Ch*. 
448.87 445.77 44609 —230 


NASDAQ Most Actives 


TeOnA 

Novell 

EricTri 

MO 

Intel 

DeUCotr 

TrtPocI 

SunMie 

Oscos 

tnwa 

GIARc 

DSC& 

fWestts 

AidSas 

Mathanx 


Law 

LOOT 

Oi*. 

23ft 

24ft 

+ ft 


Wht 

+v B 

57ft 

59 

—4ft 

21 ft 

21 ft 

—ft 

61V. 

62ft 


43ft 

44ft 

— 1 ft* 





33ft 


33 

33ft 

—ft 

12 ft 

13 

—ft 

33ft 

Vt 

34Vu 

+Y» 

— 

63ft 

64V. 



IIOT 14 

♦ life 

13ft 

13ft 



NYSE Diary 


Advanced 
Declined 
Unchanged 
Total issue. 
New Highs 
New Lows 


760 1038 

1475 1198 

703 <09 

2938 2935 

21 22 

202 166 


AMEX Diary 


Before Trade Report 


AMEX Most Actives 


Advanced 

Declined 

Unchanged 

Total issues 
New Mohs 
Notv Lows 


223 275 

361 325 

220 220 

804 B20 

10 9 

55 31 


Compiled by Our Staff From Dispauhes 

NEW YORK — The dollar 
ended little changed against 
other major currencies Thurs- 
day as the boost given by the 


Foreign Exchange 


Federal Reserve Board's inter- 
est rate increase on Tuesday 
started to dissipate. 

Traders said the market was 
now awaiting the release Friday 
of U.S. trade figures. 

Concern about inflation, 
which diminishes the value of 
ddlar-denominated assets, also 
was eroding the boost provided 
to the currency by the Fed* s 0.75 
percentage point rate increase. 

“It seems that the Fed has to 
do more before foreign ex- 
change market participants are 
more at ease,” said David 
Jones, chief economist at bond 
dealer Aubrey Lanston & Cb. 

The dollar ended at i.5525 
Deutsche marks, up from 1-5505 
DM on Wednesday, but at 98.33 


yen, down from 9836 yen. The 
dollar rose to 13050 Swiss francs 
from 1.3043 francs, and to 
5.3345 French francs from 
5.3240 francs. The pound 
slipped to SI 3719 from $13735. 

The dollar failed to respond 
much to an overall decline in the 
Philadelphia Federal Reserve 
business outlook survey and a 
larger- than-expected decline in 
housing starts for October. 

“There is not much commit- 
ment to the dollar one way or 
another," said David DeRosa, 
trading manager at Swiss Bank 
Corp. 

Amy Smith, an analyst with 
IDEA, said the dollar had failed 
to respond to benign economic 
data released Thursday and was 
pressured by the decline in the 
30-year bond. 

Traders said that until bond 
prices headed higher, it would 
be difficult for the dollar to rise 
further. (AFP AFK 

Knight-Ridder, Bloomberg) 


FAusPr 

Atari 

Vocfi 

Elm 

EXXAll 

ACvfAedT 

Nabors 

InterOie 

XCL Ltd 

ChevSls 


VoL tUgh 

Low 

Last 

0*8 

5853 BWU 

8 

•ft 


5074 6ft 

5ft 

5ft 


485* 39ft 

39ft 

89ft 

♦ ft 

4819 34ft 

33ft 

33ft 

—ft 

4095 31 

23ft 

26ft 

—ft 

3659 2ft 

£ 

1ft 

+ Vp 

3643 7ft 

m 


3535 3Vi. 

2ft 

3ft 

+ ft 

3*62 TVu 

1 

1 

_ 

3375 lift 

lift 

lift 

_ 


NASDAQ Diary 


Advanced 
Declined 
UncfKOTgea 
Total issus 

Now Highs 
New Laws 


1483 14 99 
1816 1705 

1870 1927 

5129 5131 

74 96 

168 141 


High Law dose Chmoe 

S-MONTTH STERLING ILIFFE1 

SS - "' -1 ®" *34. 9373 +034 
ESS. 9X04 9274 93JOO + 0X5 

SET SI m m +u" 

Sop 9178 9139 91 JO — CXJ 

OK 9151 9152 9US — £»£ 

MOT- 9136 9137 91-27 —035 

jSq 91.18 91.11 91.10 —03| 

S«p 9132 90.93 90J4 —035 

Dec 905* 9051 9050 — 035 

Mar 9075 9070 WJ0 —034 

Jun 9069 9062 9052 — £35 

tap 9065 9065 9060 —635 

ESI. volume: 8A395L Open Ini.: 51X177. 
MAONTH EURODOLLARS CLIFFE) 

Si mflllaa-pMoflMpcf . 

Dec N-T. N.T. -031 l 

tn n 93JJ 7X39 —037 

taJf 9273 9133 9274 — jj-W' 

tap 9258 9258 9141 —MO 

Esf. volume: 45. Open Ini.: 475B. 

3-MONTH EUROMAWajLIFFE! 

DM1 million -Pt» of 188 pcS 
Dec 94JD 9681 94JD UnrfL 

MOT 9662 9458 9*50 —031 

j5 9627 9620 M 72 —£35 

tap 9187 9181 9183 —035 

Dec 9X48 9142 9X43 —036 

Mv 2870 9114 9115 -007 

jS 9195 9237 9233 —038 

tap 9269 9254 9163 —037, 

Jte 9?S 9231 9232 — 03| 

tap 9117 9114 9113 -- 035 

Est. volume: 99356 Open InU 711*71 
MAONTH P1BOR UAATlf) 
FRmWOTI.-taoMOgpg ^ 

sr ss ss as « 

tap 9116 9113 9116 —am 

Dec 9283 9279 9250 — 0X5 

mot 9158 9253 9154 — 006' 

jSf 92J3 9239 9230 -036 

tap 92.13 9210 9210 — 006, 

Eat. volume: 29341 Open InL: 189.192 

LONG GILT (UFFE1 

CS8380 - PM A 32adS id 100 PCt 
Dec 102-10 iai-24 m-zr — o-w 

101-17 101-03 101-02 —W9 

Eat. volume: 5&S29. Open Ent.: 113324. | 

GERMAN GOVERNMENT BUND tLIFFEJ i 
DM 258,000 - Ote et 108 Fd I 

DM *8 "A -“J 

MOT 8934 8891 8895 — 036 

Eat volume: 146353. Open ini.: 210384. 
ID-YEAR FRENCH GOV. BONDS IMATIF) 

S? M0, -^iS. , "ia« ima -a»' 

Mot 1H3J 10956 10956 —050 

jE, 1093 10934 10937 -ftal 

tap N.T. N.T. 10838 — 050. 

ED. volume; 16U19. Open Int: 152584. 


HM Lot* am a™*' 

FTSE TOO OJFFE1 

31253 31g3 -163 

g sss %% 

■"estvotame: 11336. Open bit.: «397. 
CAC48CMAT1F1 

S*" Per ‘iMM^93430 191530 -2230 

N<JV iwaaj 1 oil nn -2200 

£ ^ M -E 

is w HL :g8S 

Est. volume: Z1*B1 Open Int: SUM- 
Sources: Motif. Associated Pnm. 

UZdcn lnn Fin ancial F utures Exdnnoe. 
tan petroleum Excnmo. 




Cappcn y Per Amt Rec Par 

IRREGULAR 

inwt Tr Q J5 17-30 

?SUS7nSh. 1 -Zlll««-15 


^Slnia* S J3 11«12-15 

c-tndudes 36 cop gains «at. 

STOCK 

Banco de GoUda - 15* 11* 1M 

Uno Restaurant - 25* M z-a 

REVERSE STOCK SFUT 
MegoooRb Inc 1 tor 3 reverse spin. 

STOCK SPLIT 
Cagles Inc 2 for 1 split. 

INCREASED 


Fsl Find CP tad 
WabtUra Assur Co 


78 12-20 1-3 

365 11-30 12-M 


INITIAL 

AH RMiWHta . JSS» 11-» M-15 

TSX CapLLC/nlpJ . .1822 11-29 1M# 
SPECIAL 

Nash Finch Co - 31 11-25 129 

CORRECTION 

Newraont AUiUng CP d .12 11-25 127 


New-Home Building Falls Sharply ♦ 

WASHINGTON (Bloomberg) — Construction of new homes 
fdISJMKMt in October — the first drop m four months -;as 
the effects of rising mortgage rates and hl ^ 1 ?L c °^ rucll0n 
financing took hold, government figures showed Thursday. 

ThSkunp hit hardest in the single-family residence category, 
acrordingtoCommerce Department figures; apartment consiruc- 

CO MSwh§le^ NanSAssociatimi of Realtors reported that 
homeprices continued to increase m the third quarter The 
national median price for a previously owned single-family home 
was $1 1 1,000, 2.7 percent higher than a year earlier. 

Dell Computer Reports Record Net 

DALLAS (AP) — Dell Computer Corp. said Thursday revenue 
and profit improved substantially in the third quarter on strong 
sales of notebook computers and high-end systems. 

Dell had profit of S41.4 million, up from $ 12 million a year ago. 
Sales rose to S884.6 milli on from S7573 million. 

Quaker Oats Gets Restraining Order 

PURCHASE, New York — PepsiCo Inc. said Thursday it had 
been granted a temporary restraining order by a U.S. District 
Court judge in Chicago against Quaker Oats Co. and a ga in s t a 
former PepsiCo, William Redmond Jr-, who has just been hired by 
Quaker Oats. 

Quaker competes with PepsiCo in beverages and agreed two 
weeks ago to pay $1.7 billion for Snapple Beverage Co. PepsiCo 
said Mr. Redmond had until recently headed the company’s 
California business unit, which includes beverage operations. 

A PepsiCo spokeswoman declined to discuss details of the 
temporary restraining order, other than to say PepsiCo had acted 
“to protect its trade secrets.” 

BJ Buys Another Oil Services Firm 

HOUSTON (Bloomberg) — BJ Services Co. agreed to b* 
Western Co. of North America for $500 million, or $20 a shaft* 
following a three-month courtship between the oil-services con- 

C6i HS- 

The offer topped an $18 ,50-a-share bid disclosed by BJ Services 
in September, and exceeded by more than 60 percent Western’s 
stock price before merger talks were disclosed. 


Wal-Mart Posts Increase in Profit 


N ow me n i Mining CP tf .13 11-25 07 
VS! Entora t _ , 

iS-corrocttaB name of cadadariis iSvMcnd 
Nov. 14 

rercv. announced 1 far 5 ravers* spot Iks 
bten postponed. 


AJ rt r on Corp 
Amo* FWPortEo 
Amor Fst TxExMig 
Amer Fst TxExMtg2 
Codtol Trans am er 
Fsl Amer EUcCp 


FsJ Indiana Cora 
Horace Atann Edac 


Spat O — n od W • 


Industrials 


Markot Salos 


NYSE 
Am ax 
Nasdaq 
tn millions. 


CamnwdBv Today 

Aluminum. R> 8366 

Copoer (ricctnrfylte. R> 134 

Iran FOB. ion 21X03 

LBad.ua U4 

Silver, troy oj 524 

Steel (scran), ion 12730 

Tin. lb 4.1978 

Zinc 0a 03924 


Hlgfi Law Lasf Seine Orija 

PTWV. GASOIL (IPE) 

88*3 UA dollars pot metric lan-Ms of IN lass 
133 DK 149J3 14850 14925 14925 —850 

21330 Jan 15125 15850 I5L75 15130 —825 

844 Fad 15175 15230 15230 15275 —850 

834 MOT 15JJQ 15230 15275 15275 — 030 

12730 Apr 15125 15125 15125 15125 — 025 

61801 MOV N.T. N.T. N.T. 15835 —850 

03905 June 15030 14925 15030 15030 — 025 


Horac e Mann Edac 
ImHufm MfdAm 
Irwfci Rnl 
ns Boa 

Nasb Finch Co 
OMo Edison Cb 
Roy Carib Cruise 
stcnralt Kaustag 
SunTV&AppI 
Tcdbofs Inc 
Triangle Bcp 
TricaBcstn 
Wellman Inc 
Wofthlnsfon Indos 


O 33 11-29 12-M 
. 3683 11-30 1-3 

M 3425 11-30 12-Z7 
. 3625 11-30 12-27. 
Q 3B 12-15 12-30 
Q A 2 1-9 1-3C 

O .13 12-1 12-15 
Q 3325 12-1 12-15 
S 37 12-15 1-10 
Q 39 13-2 12-16 
Q 36 129 124) 
O .18 11-25 129 
O 375 127 12-30 
Q .11 121 12-29 
Q 3625 11-30 1-5 

8 3017 IMS 127 
JO 12-5 12-19 
a 34 12-19 12-30 
Q .» 12-10 1201 
Q 36 12-1 12-15 
Q .10 12-7 1230 


BENTONVILLE, Arkansas (Bloomberg) — Wal-Mart Stores 
Irnx, the largest U.S. retailer, said third-quarter earnings rose 13 
percent as revenue rose and costs felL 
The company said net income rose to $588.1 million from 
$518.7 milli on a year earlier. Revenue rose 21 percent to a record 
$20.4 bfflirm. Sales at stores that have been open for more than, a 
year rose 5.6 percent 


Rockwell Considers Buying Reliance 


CLEVELAND (Combined Dispatches) — Rockwell Interna- 
tional Corp. said Thursday it was considering starting talks with 
Reliance Electric Co. on a possible takeover. 

Reliance has already agreed to a $ 1 .4 billion stock swap merger 
with General Signal Corp. But that company said it did not object 
to Reliance's discussions with other suitors. Reliance said that if it 
breaks the General Signal deal, it would have to pay a $50 million 
termination fee plus $5.15 million for expenses. (Reuters, AP) 


OTOBBual; 3 nnyoMi hi C anad i an f un ds; m- 
muMUr; a-aanrfarfr! m nikwiwl 


TO May Soon Become 4 Companies 


BCG Creditors Agree to Compensation Package 


Reuters 

LONDON — Victims of col- 
lapsed Bank of Credit & Com- 
merce International have ac- 
cepted a $1.8 billion 
compensation deal from the 
government of Abu Dhabi, its 
majority owner. Touche Ross, 
the firm liquidating the bank, 
said Thursday, 

Creditors railed for a payout 
by July, the fourth anniversary 


of the bank's closure, but the 
liquidators declined to specify 
how much would be paid and 
when because of uncertainty 
over B<XTs assets. 

“The road ahead to the first 
dividend payment is not yet 
dear or easy,” a Touche Ross 
spokesman said. “The liquida- 
tors are convinced this agree- 
ment presents the only means 
of achieving an interim divi- 


dend in the foreseeable future.” 

BCCT, which once had $24 
billion in assets and operated in 


71 countries, was shut down by 
central bank authorities in 1991 


central bank authorities in 1991 
with liabilities of overSlO billion 
amid allegations of fraud, mon- 
ey-laundering and negligence. 

The announcement Thursday 
followed agreement by creditor 
committees in Britain, Luxem- 
bourg and the Cayman Islands 


— BCCT was registered in ail 
three — after a Luxembourg 
court threw out a $1.7 billion 
offer, with strings attached, a 
year ago. 


ENGLEWOOD, Colorado (Bloomberg) — Tele-Communica- 
tions Inc, looking for a way to show investors it is worth more 
than they value it, proposed to split into four separate, publicly 
traded companies. 

Under the plan, TCI would become a holding company for a 
cable and communications concern, a programming company, an 


international cable and programming business and a venture 
capital firm. The plan must be approved by shareholders. w 


For the Record 


Add Elias, chairman of the 
Depositors Protection Associa- 
tion, said, “At last the liquida- 
tion will begin to bear fruit for 
creditors” instead of being eat- 
en up by fees and litigation. 


Woofworth Corp. posted third-quarter profit of $37 milli on, 
raking a shing of four unprofitable quarters. (Bloomberg) 

iront for its first quarter rose 


Campbell Sotqi Co. reported that profit for its first quarter rose 
19 percent, to $197 million, citing strong results m both its 
domestic and overseas businesses. (AP) 

Hewlett-Packard Co. said a 25 percent increase in orders led to 
a 60 percent rise in fourth-quarter profit, to $476 milli on- (AP) 


WORLD STOCK MARKETS 


U.S. FUTURES 


Open High Low dose Qw Oo.lnt 


Season Season 
High Low 


Open High Law dose Cha Op. int 


Ag«nee Trance lYnna No*. 17 


Via AaadeM has 


Season Season 
High Law 


0096 

EsLafes 14742 WM’ivfes 10477 
Wen's open int 166700 on 160 


Law Qom Chg OpJni 


Amsterdam 


ABN Amro HM 
ACF Holding 
Aeoon 
Ahold 


Sehertng 

Stamens 

ThYMen 

worm 

Veba 

VEW 


urn 989 
618 623 
29229870 
325 327 

5389053856 
37430 373 


Atto Nabd 
AMEV 

Bols-Wsssanen 

C5M 

DSM 

Ettevfcr 

Fakkar 

Gist- Brocades 

HBG 

Halnakan 


Vtoa 4644047850 

volkswmgen 45545940 

Walk) 1004 1801 

DAXtadacinoA 


, Forte 
GEC 
Gem acc 
G laxo 
Grand Mel 
GRE 
Guinness 
GUS 
Hanson 
Hlllsdown 
HSBC Hldgs 
ICI 


Helsinki 


Hunter Douglas 
IHCCotand 
Inlor Mueller 
mn Nederland 

KNP BT 

KPN 

Ned lavd 

OceGrinten 

Pakhoed 

Philips 


Amer-YMyrno 102 100 
Erao-Gutzett 3940 4830 


Hutiumakl 

K.O.P. 

Kvmmene 

Metro 

Nokia 

Pah! ala 

Repota 

Stockmann 


148 147 

637 608 
130 130 

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709 TOO 
70 69 

9240 9860 
250 250 


Robeco 

Rodomco 

ROTHKO 

Roronto 

Roto! Dutch 

Stork 

Unltavn- 

vaiOmmeren 

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Brussels 


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CBR 

CMS 

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EWdrabel 
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Fame AG 
GIB 

GBL _ 

Gavoert 

GMverbel 

Immabel 

KredMbank 


P etra Un a 
Pawerfln 
Rectkcal 
Rovaie Beige • 
SocGen Banque 
SocGen O eiglaue 
Safina 
Salvor 
Tessanderki 

Unlon Mlntare 

Waaans Lite 



Land see 

Laparte 

Lasraa 

Legal Gen Grp 
Lloyds Bank 

Marks Sa 
MEPC 
Han P o w e r 
NofWest 
NthWet Water 
Pearson 
P8.0 
Ptlklngtan 
PovwrGen 
Prudential 
Rot* ora 
Reckitt COT 

ff — iMi ...rf 

KOTona 

Reed Inti 
Reuters 
RMCGraap 
Rolls Raya 
Radeon (unit! 
Royal Scot 
RTZ 

Satnsbury 
Scot Ntwan 
Scot Power 
Sears 

Severn Trent 

Shell 

State 

Smith Nephew 

SmtttiKHne B 
SnUThfWH) 
Sun Alliance 
Tate & Lyle 
Testa 

Thom EMI 
Tomkins 
TSB Group 
Unilever 
UW Biscuit* 


I BCE Mobile Cnm CVS. 

CdnTlreA 11 UVk 

| Cdn Utn A m 23TO 

7V. 7H 

iwwinc NA IS'* 

zr Fbil Svc 18 18 

5az Metro J2» 1» 

Sf West LMeco 20JA 2Me 
nees inn Bcp 13JJ is* 
Hudson’s Ba* Co W4 2» 
Imasca Ltd 3Sh 39 
investors Gra inc 16)4 16J4 
Labatt CJahn) 2014 2ffta 
Ujbtowcoe 21 2\ 

MotSOTiA 19 19VJ 

Natl Bk Canoda ’Ph 9SJ 
Qshawo A. . ie» 

Pancdn Petrolm 425 Oft 
Power Carp 1|» Wh 

Power Fin l 2H9h 28% 
Ouetecor B 16% I6V4 

RmnComm B 19H 19% 
RoyaJBkCda 27to M 
Seora Canada inc sift Sift 
SSSlCteA 424ft 43V. 

Southam Inc l«ft W6 

Triton FftTI A 5S £ 


Crownx me 
CTFbilSvc 
Gaz Metro 
Gt WestLlteco 
Hees mn Bcp 
H udson* Bov Go 
Imasca Ltd 
investors Grp Inc 
Lobatt UQhn) 
Lobkn* Cos 
Matson A 
Natl Bk Canoda 
Oshawg A . . 
Pancdn Petrolm 


14A0 1440 
9.15 920 
895 935 
240 241 
27.40 2740 ■ 
246 241 
812 814 . 
540 545 
882 834 
NA 442 
NA 142 
1640 16.10 


Power Cora 
Power Fin l 


Stockholm 


Power Ftn • 
Ouetecor B 
Rogers Comm B 
Royal BkCda 
Sears Canada me 
Shell Cda A 
Southam Inc 
SMGBA _ 
Triton FijTi a 


Accor 
AirUauWe 
Alcatel AMtan 
Asa 

Bancnlra (Cle) 

BIC 

BNP 

Bouyyues 


AGA 
AseoAF 
Astra AF 
Anas Copco 
E lectrolux B 
Ericsson 

Esselte-A 
Handetsbank BF 
Investor BF 
Norsk Hydro 
PhcnnaclaAF 

SOTXtvik b 

5CA-A 

S-E Ban ken AF 
Skandia F 
Skanskn BF 
SKFBF 
Stem AF 
Trnltabora BF 
Volvo BF 



SMmaxu 
SMnetsu Cheat 
Sony 

Sumitomo Bk 
Sumitomo aiem 
Suml Marine 
SumHoma Metal 
TataelCorp 
TakednChem 

TDK 

Tallin 

Tokyo Marine 
Tokyo Elec Pw 
Tappan Pr in ting 
Torov Ind. 
Toshiba 
Toyota 
Yamakhl Sec 
a: am 

Nickel 225 : 19333 


697 696 
1930 19*0 
5790 5B00 
1750 17*0 
570 567 
5*0 850 

337 336 

607 614 

1190 11» 
*750 4640 
565 567 
1130 1140 
2800 2790 
1410 1400 
73 755 

716 720 

2110 2110 

715 717 


Grains 


Toronto 


MBW*" 


Corrataur 
CCF. 
Cerus 
Chcraeurs 
Clmerm Fn 


Sydney 


Club Med 
EM -Aouita toe 
Euro Disney 
GeiLEawc 
Havas 
(metal 

Lafarge Ccaaee 


Bougabivilie 

Coles Myer 

Ccmoica 

CRA 

CSR 

Fosters Braw 


865 871 
189* 1934 
830 829 
893 896 
435 4.10 
5 539 
1748 17 JO 
44D 448 
1.13 1.13 


Williams Hrtos 
Willis Coman 
FTXMeeiMKM 




Madrid 


Johannesburg 


Frankfurt 

AEG 

Alcatel SEL 
Allianz HoW 
Altana 

ttfr 

Borer 

Bay. Hypo bank 
Bav Vereinsbk 
BBC 

BHF Bank 
BMW 

Commerzbank 
Centtneniai 
Daimler Beni 


AECt 

Aiteeh 

Anglo Amer 

Barlows 

Blyvaer 

Buffete 

DeBoers 

Driefontetn 

Ganoor 

GFSA 

Harmony 

HtahvcW Steel 

Klool 

Nedbank Grp 
Ru n dtan tein 
Rwsptat 
SA Brows 



BBV 3415 3410 

Bco Central hispl 2915 2920 
Bfeian Santander 5250 5230 
Banana t*d m 


Ercres 
Iberdrola 
Rnpsof 
T abaca [era 

TeWonicu 




3140 3200 
1910 1930 
5860 5920 
155 160 

880 877 
3900 3935 
3700 3710 
1600 1690 


Lyon. Eouj. 

Oreal (L'i 

L.V4AH. 

Mafro-Hacherte 

MictielinB 

Moulinex 

Parib« 

Peetitoey Irrtl 

Pernod-RIcnrd 

Peugeot 

Phnult Print 

RadiohKhnkiue 

Renault 

Rh-PoutefK A 

Ratt. SI. Louts 

5anoft 

SaM Gabcrin 
SP PL 

Sle Generate 
Suez 

Tharasan-CSF 

Total 

UJLP. 

Valeo 


Goodman Fletd 1.1* i.i6 
ICI Austral Ip HL80 1890 


Nat Aust Bank 1836 186S 


Nina Network 
N Broken Hill 


548 545 
NA. NA 
N Broken Hill 825 826 
POCDwttop 342 879 

Pioneer mn 814 819 
Nmndy Poseidon Z16 ZZ2 
OCT Resources 1 JO U5 
Santos 877 882 

TNT 248 240 

Western Mining 745 746 
westpoc Banking 4.16 4.17 




Tokyo 




Akal Etoctr 
Asahl Chemical 
Asoto Glass 
Bank of Tokyo 


western Deep 


Dt Babcock 
Deutsche Bank 
Dountas 
Drudnar Bank 
Fetdmuehle 
F KroopHoesch 

VSS5T 

Horfrtlef 
Hoechst 
HOT imarm 
Horten 
IWKA 
Kail Salz 


London 

Abbev Nan 4.19 


Allied Lyons 
ArleWHndns 


| Argyll Group 170 
Ass Brit Foods 546 


BAe 446 

Bank Scotland 216 
Barclays 645 


KouftxM 

KHD 

Ktaecknerwerke ... 

Unds 885 881 

Lufthansa 2020540 

MAN 41*4041640 

Monnrtmam 4064040140 

Mstalttetall 15115940 

Jpueneh Rueck 2805 27TO 

Porache s80 670 

Prausiag 4*940 42 

PWA 241 342 

EWE *6146420 

Rhelnmetan 


BAT 

BET 

Blue Circle 
EOC Group 
Boats 
Bowater 
BP 

Bril Airways 


Bril Gas 
Brit steel 


Bril Telecom 349 


BTR 

cable win 


I Cadbury Sch 4J9 


Carooon 244 

Coots Vivefla 241 
Comm Union 540 
Couriiwidi 4 AS 
ECC Groua 848 
Enterprise oil 877 
Eurotunnel ■ 240 
FISOTtS * 146 


Allearaa 
AssItaHa 

Autastrade priv 
Bca Auriaoltura 
Bco Cummer Hal 
Bca Naz Lavnre 
Boo Pea Novara 
Banco di Rama 
BcoAmhrasiana 
BcuNapoH rtsp 
Bene nan 
Cnealto Italkmo 
EnldMai Aua 
Fortin 
Flat saa 
Flnanz Aarolnrt 
Finmeccanica 
Fond lor Ip spa 
Ganerall Asslc 
IPIL 

llol ce riienil 
1 Macs 
Mediobanca 
Montedison 
Olivetti 
Pirelli spa 
RAS 

Rlnascent* 

San Paata Torino 
SIP 
5ME 
Snip bod 
Standa 
Stet 

Tara Assta 


Sao Paulo 

Banco do Brasil 1740 ikoo 

Bonespa 940 940 

™ 

Cemla 89 92 

EteTrobrm 320 332 

lte*on» HO 275 

Ugh! 371 380 

Paranponema M 1645 

P e trau i ia 1274012740 

gWBCfUZ BJD 830 

TeWros 4140 4870 

Teiesp 435 425 

Usmnos 141 144 

lftde Rio Doce 1«7 17a 

Varta XTO 315 

SSSK , P3&i mr 

rieiwQ} . tTdtj 


Cmon 

SB 

Dai Nippon Print 
Datwa House 
, Datwa Securities 
Fanuc 
Fuil Bank 


Fulnsu 
Hitachi 
Hitachi cable 


itoYokodo 

itodn 

Japan Airlines 
KaRmp 

KaraiN Power . 


Kubota 
Kyocera 
Malsu Etec inds 


Singapore 

Asia POC Brow 1620 1640 
Cerates 840 U0 

City Damoomnt S40 &60 
CyceB Carriage 14.10 1850 
DBS HUD IBM 

DBS Land 

FE Levlnestan .... 


MITSUDtSPI BK • 

Mllsub Chemical 
Mitsubishi Elec 
Mitsubishi He* 
Mitsubtell Cora 
Mitsui and Co 
Mitsui Marine 
Mttsukashl 
MitMcn! 

KGK WHBlBg 
NtlUoo Securities 
Nippon Kopoku 
Nippon Od 
Ntaaen^Mi 
Nippon Yusen 
Nissan _ 
Nomura sec 
NTT 

OlYfnpwSOpnMI 


1070 1040 
494 440 
7.10 7JBS 


Fraser &Neave 17 Jo 17J0 
Gt Eaan lh* 20 3a 


I Gt Eaan LH* 

I Hoop Leong Fin 


entstsa 


3J0 sm 

1240 13 

147 149 
1340 1820 
249 3 

114 813 
1*40 IU 


Montreal 


lAtco Lid I 
1 Bank Montreal 


liVft 141ft 
2A. 24 Hi 


Natsieel 
Neptune Orient 
OCBC loreten 1840 IU 

O^eas Union Bk 740 730 

0*5008 Union EM 9 JO 9 JO 

Semtewong 1140 1140 
Sme Singapore 1.09 1.12 

Sing Aerospace 230 228 


AbttFbl Price 
Air Canada 
Alberto Energy 

Atom Aluminum 
Amer Barrick 
Aronor 

Bk Nova Scotia 
. BC T el ecomm 

I Bombardier B 

Bracnaleo 

BraeeanA 

KSF 0 

Cdn Natural RCS 
Cdn Occtd Pet 
Cdn Pact tic 
COKOdes Paper 
Comlnco 
Consumers Ga5 
Dofasea 
Demon Ind B 
Du PantCdo A 
Echo Bav Mines 
Empire Co. A 
Faleonbridge 
I Fletcher Chall A 
Franco Nevodu 
Guardian Cap A 
HemtoGMd 
H or s ii ut n 
imperial OH 
(nos 

IPL Energy 
Lofdtavr A 
LakBaw B 
Lnwen Group 
London Insur Go 
Maanin Biaedel 
Magna inti A 
Maale Leaf Fds 
Moore 

Newbridge Netw 
Narandalnc 

llnnwiiln ^ - * 

Wronoo IQlClf 
Norton Energy 
Nthern Telecam 

Novo 

Onex 

Petra Canada 
Plocer Dome 
Potash Corp Sask 
Proviso 
PWA 

Ouetecor Pr int 
Renotssance Eny 
Rla Algom 
Seoaram Co 
Slone ConsMd 
Talisman Env 
Teles lobe 
Telue 
Thomson 
TorOom Bank 


WHEAT (CBOp iMPimMiun-doSnn 
A18W 809 Dec 94 87M 876 87ZW 

426« 827 MOT 95 345W 347W 344 

ism 8161ft Mpy 95 867ft 36691 34»14 
16316 311 JOT 95 3J5V. 83616 3J4 

365 3J9V,SeoM 340 3®*ft 839 

87S 149 Dec 95 

3441ft 134154696 

Ed. soles 25400 Wed's, soles 23,106 
wed's apsnlrs 78855 is> 70 
WHEAT (KBOT1 uehwnWMn-eanOT 
43TM 112V: Dec 94 346 UB'/> XBHft 

4371s X25 Mar 95 XUM 1M6 184% 

403 82liftMav9S 3719S 8731ft 170V6 
868U 8161ft 44 95 842’* 143 Vi 360V6 
877 829 Sot 95 

1691ft 852 Dec 93 852 852 IS 

Esf. scries NA. WWTS, soles 6.929 
Wed-EPOBika 36.212 Oft 113 
CORN (CBOT3 UDabu mlnBTwn- ooWnuerlj 
377 2.13V, Dec 94 31716 318 3161ft 

3821ft 233 V. MOT 95 328 329 32716 

385 3301ft Mar 95 33416 336 33(16 

3B5W 33S14JUI9S 360 3401k 126% 

UO^ 2J9 Sep 95 24316 244V. 143ft 

363 33SftDec95 148 249 24616 

240ft 350 W Mar 96 354ft 355 2J3ft 

367 3SSVi46*f 361 362 361 

Est. softs 50400 Who's, uses 414*9 


87516 *80 lft 23832 
34616 *801 31.774 

347 * 040ft 4JDI 

134ft— CU*H* 10,926 
839 — 04016 356 
349 -OOOft 159 
82415-04016 7 


1580 

10*1 Dec M 

1780 

1285 

1270 

1780 

1605 

1077 Mor 95 

1315 

1326 

1310 

132* 

1*13 

107>Mav95 

DM 

1350 

1340 

I34R 

1600 

1225 JOT 95 

1866 

1366 

1361 

IJ/2 

1560 

138DSBP9S 

1389 

1389 

13*9 

U95 

1633 

1290 Dec 95 

1419 

1419 

1419 

14M 

167* 

1350 Mar 96 




1459 

1642 

1225 Mav 96 




1484 


XMft-OLOlft 11459 
34616 r 040 ft 17,707 
3711ft .04716 --- 


873M » 042ft 3381 
343ft *042 4478 

846ft •047'* 96 

153 II 


JU 96 _ 1504 

eh. soles 2422 wed's sates 5443 
Wed's open W 69436 up 500 

ORANGE JUICE (NCTNJ ls«ate.-camsiK*b. 
13300 0940 Jill 95 118JS 11940 11740 11870 

12445 91X0 MOT 95 12X75 12300 12800 17140 

12245 9740 MOV 95 12X30 12445 12X25 13445 

13440 I0O5DJUI95 12640 12740 12640 12740 

12845 107 25 Sep 95 1040 13X25 12740 130X5 

12550 10940 Nov 95 130X0 12940 138X0 12845 

12740 10540 Ja> 96 12740 12940 1 2750 129J3 


12845 107 25 Sep 95 13740 13X25 12740 13X35 

12550 10940 Nov 95 130X0 12940 138X0 12845 

12740 10540 !I>tM J2740 12940 1 2750 129X5 

Mot96 12X25 13X00 13X00 13X00 

Ed. sales NJL mgs. safes U77 
Wed's open ini 27452 ah 6 


-445 15430 
‘AM 5.771 
*345 1499 
-3 to 93* 
*875 U51 
*835 1.295 
*875 
*890 


Metals 


31716 +041 flJM 
3281k +X0T 76,901 
ZJSft *04016 30,213 
340ft + 040ft 39.987 
244 *80016 3,790 

248ft *041 28550 

355 - 040ft 834 

362 *X00ft 919 



WWrsopeoW 766428 Ort 1058 
SOYBEANS (COOT) 54)00 buirMnwn.dMon 
7J7"3 87616 NOT 94 540 443ft 447 

746 5X7 V. Jbi 95 547 5J0ft 544ft 

745 547*6 Mar 95 576ft 57816 17316 

745ft 146 MOT 95 5J4 18516 180 

746ft 163V, Jui 95 5Jlft 190 545 

6.12 166ft AUB 95 548ft 191 188 

6.15 171 SBD95 190 191 5J9 

640ft 178ft Woy 95 197ft Iflft 194ft 

6.16 199ft J oti 94 643ft 644ft 643ft 

648 199 ft JOT 9* 6.16 4.11 6.16 

Est. sales 41400 Wed -1 sales 31452 
Wed's aoan he 134452 of) 664 
SOYBEAN MEAL ICBOT) 100 ions- M ot mr 
70940 1 5120 Dec 94 15940 159.10 15840 

70740 19940 Jon 95 160X0 16X40 15940 

20740 16440 Mar 95 164*0 16*40 16X60 

20740 167*0 MOV 95 169.10 IM.I0 16340 
206X0 17X70 JOT 95 17340 17390 178X0 

18360 17240 Aua 95 17140 17170 171*0 
18370 17830 S6P 95 17320 17120 177 JO 

181 JO 17160 Oct 95 179 JO 179 JO 179X0 

18120 1 7640 Dec 95 111X0 18100 1 8350 

ESASCMS 20400 W«d*v sates 16498 
Wert's open inf 99.915 off 771 


163 +X0*ft 
16916 +UMV6 I 
178ft * 043ft : 
54*14 , 043ft : 
18916 + X03ft ! 
191 + XIDft 

151 *041 

198ft * 042 ft 
6 JMft *04016 
6.18 * 041ft 


— 040 23654 
—0X0 Z1472 
—0X0 17X13 
-020 1X201 
—020 10407 
— X10 3065 
—0.20 159* 
-aiO 3739 
3261 
1 


HI GRADE COPPER CNCMX} zSMI 
135X0 7775 Now 9* 13850 13170 

13440 7175 DecW 18350 1314) 

13140 76.90 Jan 95 13140 13140 

130X0 7XKIFTO95 13040 13X00 

129 JO 73 00 Mar 95 177 JO 12943 

12150 V1.10Apr9S 12150 12150 

124J0 7645 MOV 95 12350 173X0 

117X0 104.10 Jun 95 12300 12240 

12X50 78.00 JOT 93 12040 12140 119.25 

11740 HI 40 A. *>95 11840 11840 11840 
11740 79.10Sen95 11685 11150 11640 

1 1850 1 1300 Oct 95 

11875 8840 Dec 95 11300 11300 111J0 

HI JO 835DJOT196 

11330 63.70 MOT 96 

109 JO 1 0740 May 96 

107 JD 107X0 JOT 96 10740 10740 

Esf. sales 1B4M wed's, sales 17X02 
Wert's open im 58.923 off 2349 
RLVER [NOVO 5X00 fmyot-anfs per ireyoz. 

004 51 14 Nov 96 5210 5364 9>n CT fff 

074 3800 Dec 9* 523J S77J 571 n J24J 

5715 *014 Jan 95 5264 5264 5264 5218 

6044 41 6J Mar 95 S32J S364 5314 53X1 

606J 4184 May 95 5374 5414 5374 539.1 

61X0 4204 JOT 95 5*54 6*74 S*50 S45X 

4034 5335SCP9S SE4 

6204 5394 Dec 95 56X5 5610 56X0 5623 

6124 5674 Jan 96 5617 

6230 5544 Mar 96 573 J 

5974 58X5 May 96 HX6 

6004 5760 JOT 96 

r*i - 

EsI.iOTes 22. ton Wed-s-sales 30X13 
Wert's open InJ 134.1*8 up 2199 


• 0X5 1455 
+0J0 78J02 
—040 931 

— X60 7X2 

- 040 2409 


IK36 1.4500 Dec 9* 14716 IJ7B0 1J706 1J7TT +12*6430 

1- 6600 1X60 Mar 95 1J732 14774 1J706 1J5722 *16 902 

11300 1.5348 Jun 95 1471* +22 20 

Esr. sales 1X051 Wed's. sOTes 24480 
Wed’s open tort *6.952 oft 7 

CANADIAN DOLLAR (CMBU Heft- 1 poMt'hOTsMXOOl 
X7670 3.7038 Dec 94 07385 07342 07321 07386 *2 35431 

07605 0.7020 Mot 95 X7334 X73*0 07323 X7327 +J 2X11 

Ojsa 0*990 Jun 95 07330 D733D 073M 07321 *2 1423 

2- JSS JW65SOP9S 07322 07323 07315 07313 *2 846 

07400 07040 Dec 95 0.7303 +3 110 

07335 07310 Mot 96 07291 +3 4 

Esi. sate 4J*3 Wert's, sate 6727 

weds open in 39425 off 310 

SKK MAN MARK (CMEH) s pa merit- 1 oem« nun uoaoi 
0X781 0J5WDec94 0X4S0 0X477 0X4S0 0X460 +10 92X82 

0X7*5 0 JBIG MOT 95 0X475 0X490 0X468 0X474 +10 7X86 

“^WJun9S 0X509 0X510 0X500 0X497 +17 1J23 

0X740 0.6347 Sep 95 0x590 *11 114 

Est-Mte 2SJ87 Wert'S, sales 43.761 
Wert's open ml 101X07 up 500 

JAPANESE YEN (CMSy spot van - 1 BdefeauwiajnQi 
S-SISS^S-SSS?^**** a D10aO00Xn022XO.Cnni971IX»0207 *14 72J96 
Q4105600JHI9dfiQMar 950410304041031 30 Jll(Dmi)lQ796 * IS BJO 

+18 7% 

041G779X010200Sep 95 0010515 *21 185 

041 0760041 0441 Dec 95 0410624 *24 71 

041093004107WMar96 04 ra *77 10 

E^wtos u.051 Wert's. sales 21404 

Wert's open ini 82799 up 1670 

?VS FR £i£rd&f!F li , if?" tore - 1 pom equals sawoi 

oi'55 ssgg 117775 <u7u a-^2 :g v \ 

Ed. sales 17.585 Wert's. sate 25X33 
Wert's open Int 54.960 up 2975 


♦ 14 72J96 
*15 8467 
+18 m 
+21 185 

+24 71 

+ 27 10 


+18 51781 
♦ 19 2,902 
+ 19 171 

+ 2 ? 6 


—140 3,161 

—140 1712 
—140 

-IS ' M 

-135 SIS 
-Ui 104 
-0.70 18 

■0J0 


Industrials 


®TTON2 (NCTN) MMte-ainnre. 


SOYBEAN DU. ICBOT) «mM.iWnevi«ls 


2JLH7 2240 Dec 94 ia.55 2840 2840 

28X5 J2X5 JOTI 95 DJI 27JS5 2740 

TSJO 22.91 Mor 95 26.10 26X5 3643 

28.05 22X5 MOV 95 2822 2SJ5 2110 

2745 276 JOT 95 2445 2445 34X2 

27 JD 2273 Aug 95 2475 24X0 2420 

3625 2275 SrtP 95 2375 24.10 22.95 

24X5 227500 95 ZU0 2190 2375 

2655 2240 DOC 95 23X5 2370 23X5 

24.15 2375 Jtm 96 

Ea. sales 30400 WM-s. sate 21X94 

wars open im 109,519 off 1299 


+0X4 347*5 
♦0X1 22726 
+ 0J4 19788 
♦ CJ2 14.907 
+OS 6,91* 
+QJ0 1,680 
*0.17 ijai 
+022 2XU 
+ 045 3,98* 
5 


>34 8 

+ 17 57X7* 
+ 1 J 86 

*17 38X63 
-IX 5.531 
-IX 7433 
♦ 1.6 1425 
*1.7 11.241 
+17 
>14 
-1.9 
-81 
-32 


7140 6840 Mar 96 

May 96 

Esf.soies NA. Wed’s. sales 8478 
WTO's open Ini 54413 alt 439 
HEAT! MG Ok- (NMER) 41X00 oot-q 
5940 *640 Dec 94 4745 «X0 

MJ5 425 Jen 95 48J5 49J5 

TO- 75 47.99 Fob 95 *90 4945 

2-S £40 Mar 95 4945 4*45 

54A 4740 May 95 4840 4075 


7X60 

7860 

76.94 

76X7 

7770 

T7.00 

7670 

77.70 



7070 

7075 

PS 8773 


439 



«40 




4975 


4975 


4970 


4075 

*8X0 

«7S 

4875 

4840 

484S 


+ 0X5 11964 
+0.19 23726 
-048 7407 
-0.17 4.950 
+ 0.08 651 

-045 3705 
— 0.05 
-ais 


PLATINUM (NMERJ 

HH5 HHS * 14.10 

2940 39040 Af* 95 *2240 42150 42140 420*0 

43940 41B40JOT95 436 JO 42670 4S*vt 42540 

441 JO <220000 95 J30.10 

*393> *0640 JCn 96 43110 

Est^OTes NA. Wed’S, safes I.73S 
Wed’soaanM 26704 all 427 
GOLD R4CM3Q IIPVWBC-dDileiairirwoi. 

30740 383.00 NOV 9* 

426X3 34340 Dec M 386.90 38770 38S40 

Jan 95 

411.00 363JDFeb95 39040 391 JO 389 JO 

417.00 364X0 Apr 95 394X0 39450 39170 

42BJ0 36120 Jun 95 397.90 J9BXC 39740 
414JD 380X0 Aug 95 *0240 Sen SnjO 

419J0 «aun Oa95 

42940 <00X0 Dec 95 

424J0 413X0F«D96 

«O20 41EJ0AOT96 

431X0 41100 Jun 96 

Aua 96 

25400 WTO’S, safes 27786 
WM spcenkil 162778 all 3812 


Livestock 


TraneCdO Ptoe 
Utrt Dominion 
UtdWgsltM rn# 
WestaoostEnv 


Xerox Canada B 

nuKwr 


CATTLE (CMJ3ZJ XUOOU.-cMiiwb 
74J0 67 JO Dec 94 7045 70.17 M7T 

74JS 66A5FTO95 68.90 W.I7 tajS 

7110 S777AOT95 69X0 69.92 69X2 

6970 6470 JOTI 95 65X0 65X7 65X0 

68.10 63X0 Aug 95 68.90 6445 6187 

0X5 66200095 64.70 6690 64X5 

66X5 6S40Dec9S 

EsLMte 9X91 wed's, sate 12495 
Wort's open im 70707 w 90 
FEEDER CATTLE ICMERI smu .■■■ 
8840 7L7SN0VM 74X5 7465 74X6 

80.95 71X0 JOT< 95 74X5 7442 74X0 

8075 7075 MOT 9? 77X5 77.75 7378 

7190 7U. 10 AOT 95 7145 71.90 71J5 

7670 6940 May 95 7170 TITS 7170 

7345 *9 40 Aug 95 71.10 71 JO 71.10 

7140 69X05eP9t 70.90 70J0 70X0 

ESI. sote 1.161 WTO’s, sate 1,997 
WetTs open Inf (.lit off 197 
HDOS (CMERl 

50X0 32 00 Dec 94 3370 J2_50 33.11 

50X0 35 10 Feb 95 25X0 3SJ5 3570 

40X0 36. 10 Apr 95 36X5 364$ 36X2 

47X0 41X7 Jun 95 42.10 4275 41.90 

4800 41 40 JOT 95 4Z2S 4270 4240 

4140 41 15 Aid 95 4179 4147 41X0 

40X0 38J0OO9S 89.10 39J5 39.07 


♦ ftlS 36.365 
+ 0X3 16X37 
+075 

+0.15 1727 
+070 525 

97 


-OJO 16X44 
-<U0 7776 
— OJO 
-OJO 

—OJO 10 


42.10 Aug 95 
40X5 Sep 95 
500500 73 
51X0 Nov 95 
58X5 Dec 95 

50J0Jan96 370 5820 S3 70 


— 0.90 

-0.90 60.759 
—0.90 

— 0.90 28X01 
— 0.90 10X09 
—040 10.71 i 
-OJO MU 
-OJO 2.13 
-0X0 9.563 
-0X0 1.934 
-0X0 

-0*0 5X52 

-OJO 


+0.17 1X38 
-OJ5 3.948 
'033 1J03 
'0J0 684 

4 0.18 425 

*015 166 

24 


Zurich 


A<fia Inti B 219 

Aiututase B new oa 

BBC Brwn Bav B 1114 

OteGatgy B 775 

CSHotdlnpsB 532 

EfektrawB 355 


Ricoh 
Sanyo Elec 
Sharp 


IntarrtisceunrB 20 M 

Jeimoll B 820 

Landis Gyr R 740 

MoeventUck B 430 

Nestle R 1270 

Oerllk. Buehrle HU5X0 
Pargesa Hid B MTS 

Roche Hdg PC 5175 

Satra Republic IM 

Stedaz B 770 

Schindler B 7550 

Sutzer PC B85 

Surveillance B 1030 

Swiss BnkCaraB 3S4 

Swiss Relnsur R 775 

Swtssolr R 828 

UBS B 1200 

Winterthur B 680 

Zurich ass B 1226 


42X0 4IJ»Feh*6 42.45 4245 42X5 

Ed. safes 6.729 WTO'S, safes IJXM 
WTO's open int 37.138 on 347 
POSXBEUItt IOXERJ 40X»te.-cemt>«rl 
6005 37X0 Feb 95 304D 39J27 36X5 

4020 37X0 MOT 9S 39.15 39X2 3075 

61 IS 38.95MOV95 43J5 40X0 39.9? 

54X0 39JGJOT95 41 JO 4U0 «IXS 

4600 38JS6U095 39X0 40.00 39 JS 

EsL sate 1X97 WTO'S, sote 4J39 
WTO's open ml 16.071 aH 360 


* 0 J3 14,913 
+ 0.15 11,240 
5>97S 
—075 2,957 
-0.18 720 

667 

— OJO 461 

IDS 

*015 18 


Financial 

£ T. BAJX (OTS1) il meson- b<*« Mi pa 
M-10 MJ5Dec94 96X7 «6X8 94X4 9447 16,112 

555 ttmitoH 93X0 9892 9884 93X7 — OiD 10.150 

^ «+« ns ^ 8385 

Sr'-— *H9Sep95 93X0 —0 71 32 

*456 WseTs. safes 7.134 
stjotSPL? 89449 TO 7944 

156.79, 

igsw asr** H1MBW - 2 “ w=s 

6aooo Wert's. safes 82x91 w 10 

wetfsoranTO 1 75X61 on 7475 


it* 2? iwwii 1 itOLOODrin - m & andf iodhi 

UtS 2"?2 OOC*4*JU 99-25 99-Q3 wT]l " 13 27X495 

liilS 2"13 Mar 95 98-29 79-01 96-11 98-19 _ ij -J2JS4 

2"? Am 9, 96-09 96-09 97-77 97-31 _ 13 219 

\™r%} ”-?• S«o»S 97-25 97-25 97-11 97-15 _ 3 * 

HF»aJl w -11 w- 01 - 17 * 


-ail 8429 
-OJO 1.1M 
—0.10 381 


M Wert's. soles' 12X174 

3W +®* «•* 11 * 


WJO 5X00 Feb 96 

TO90 5470 Mar 96 

54X0 *600 Aar 96 

Esl.sate NA WTO's, safes uim 
WTO' s open kg 157 JO 
UGHTSWEET CRUDE INMER) IMW-4 
»X0 14.93 Dec 94 3778 17J4 1XD 

2-S fl5-pn« 1776 17.77 17J 

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INTERNATIONAL HERALD TRIBUNE, FRIDAY, NOVEMBER 18, 1994 


Page 15 



Renault Shares 

AreaBigHit 

On First Day 


CanpUed by Our Scoff From Dupatdxs 

PARIS — Renault shares 
singed on demand from institu- 
tional investors on Thursday, 
the first day they were listed on 
the bourse. 

Tea million shares were trad- 
ed, making the carmaker's stock 
by far the most actively traded. 

Early on, trading in the 
dares was briefly suspended 
after the stock rose 10 percent, 
the limit allowed by the bourse.' 

"It’s primarily foreigners 
who are baying and small inves- 
tors who arc selling," one ana- 
lyst said. 

The shares closed at 184.90 
francs ($34.61). They were of- 
fered to institutional buyers at 
176 francs each, while individ- 
uals could buy them at 165 
francs. 

The government reduced its 
9rake in Renault to 51 percent 
from 79 percent through the 
share issue. 

John Fordyce, a trader at 
Fern SA, a French brokerage, 
said, "Institutions are doing all 
the buying in order to fill up on 
what they weren't given during 
the offer.” 

Two weeks ago, institutional 
investors demanded 15.5 times 
the 27.9 million shares set a si de 
for diem. Individual investors 
ordered only 1.4 times the 37 
million shares allocated to 
them. 


The mai n reason individ uals 
had little interest in the shares is 
th* poor performance of ibe 
french stock market this year. 
The benchmark CaC- 40 index 
has fallen 15 percent since Jan. 1. 

Analysts were optimistic 
about Renault's prospects. 

“Even using a conservative 
long-term outlook, Renault 

Christine Ljvinec of Trans- 
bourse, a Paris brokerage. 

Renault, Europe's sixth-larg- 
est carmaker, was one of the 
few to m ake a profit last year. 

The company’s 1993 net 
profit of 1.07 billion francs 
should leap to 6 billion francs 
by 1995, analysts said. Keith 
Hayes of Merrill Lynch Capital 
Markets (France) SA said Re- 
nault had the potential to earn 
10 billion francs if the amo 
market became as strong as it 
was a few years ago. 

Some analysts said Renault 
shares would not be an attrac- 
tive long-term investment until 
the state gave up majority con- 
trol, removing investor concern 
that politics could interfere 
with the company's strategy. 

Renault, with 100,000 em- 
ployees in France, has tradi- 
tionally been a bastion of labor 
muon strength, analysts said. 

(Bloomberg, Reuters) 


BFIRaises 
Offer for 
Attwoods 

The Assoaared Press 

LONDON — Browning- 
Fems Industries Inc. raised 
its off or for the British trash 
company Attwoods PLC 
by 10 percent Thursday 
and told shareholders to 
take it or leave it. 

‘4) The latest move in the 
trash takeover battle values 
Attwoods at £390.7 million 
($615 million). 

Browning-Fems offered 
to buy Attwoods in Sq>tem- 
ber for 109penioe a share, in ‘ 
a deal that valued the British 
company al £364.2 mfflkm. 
When it made the offer, the 
Houston-based company 
criticized the deterioratmg 
performance at Attwoods 
and accused Attwoods exec- 
utives of repeatedly placat- 
ing shar eholders with prom- 
ises that never materialized. 

On Thursday, Browning- 
Fems raised its offer to 
116.75 pence a share and 
said it also would pay 
shareholders a dividend of 
3.25 pence. 


Germany to London 9 Then Back 

Commerzbank Brings Its Derivatives Unit Home 


By Brandon Mitchener 

International Herald Tribute 

FRANKFURT — Rudolf Duttweiler, 
head of the capital markets and treasury 
department at Commerzbank AG, is 
merciful about rival Deutsche Bank 
AG's recent decision to move most of its 
investment-banking business to London. 

With much Jess fanfare, Commerz- 
bank did the same thing last year. 

Mr. Duttweiler is also co-general man- 
ager of Commexz Financial Products 
GmbH, a specialized derivatives subsid- 
iary that opened for business in late 
October. He came from London but now 
spends a good part of his day trying to 
lure qualified professionals in exactly the 
opposite direction. 

Fifty-five of Commerz Financial 
Products' 75 employees in Frankfurt are 
Germans, 15 come from France, two are 
from England, and five come from far- 
ther afield. The company’s first satellite 
office, in Paris, is staffed with 25 French 
people. 

“You can be international by having 
an international attitude,” Mr. 
Duttweiler said in an interview. “You 
don't have to go abroad.” 

Mr. Duttweiler is a Swiss citizen who 
spent 10 years in London. His co-manag- 
er al Commerz Financial Products, An- 
toine Paille, is French. The two converse 
in En glish 

Indeed, with Commerz Financial 
Products, the first specialist institution 
of its kind in Germany, Commerzbank is 
taking a decidedly international ap- 
proach to luring and strategy. But it is 
also paying respect to its German roots 
and its largely German customer base by 
basing its operations in Frankfurt. 

Mr. Duttweiler and Mr. Paille said 
putting Commerz Financial Products 
here was seen as the key to Commerz- 


bank’s goal of broadening the use of 
relatively risky derivatives in a country 
known for financial conservatism. The 
firm also aims to give German customers 
a local alternative to the foreign banks 
and investment houses that currently 
dominate the rapidly expanding deriva- 
tives market 

“Wc are first a German bank, second a 
European bank and third, interested in 


f We want to bring the 
strength of the derivatives 
unit to the hank and the 
strength of the bank to the 
derivatives unit.’ 

Rudolf Duttweiler, head of 
Commerzbank's capital markets 
department 


being an important international bank in 
selected areas,” Mr. Duttweiler said. 
“Logic says our center of activities 
should be in Germany.” 

“Our intention is to educate and ad- 
vise clients, then get their business," add- 
ed the banker, whose motto is “Nicht 
klecksen, kJotzen , " roughly translated as 
“Don't linker around — go for it." 

Some employees call Mr. Duttweiler 
“the General,” a play on his German 
title, GeneralbevoUmlchtigier, which 
means executive vice president. 

His — and Commerzbank's — expec- 
tations for Commerz Financial Products 
are ambitious. . 

Within a year, the subsidiary is to have 
300 employees dealing exclusively in 


over-the-counter risk-management prod- 
ucts in currencies, equities and interest 
rates in Europe, North America and 
Asia. 

The Frankfurt headquarters, with 150 
employees, will occupy four floors of the 
Commerzbank building, including one 
full floor with 100 trading positions, ac- 
cording to Mr. Paille. 

In addition to producing a healthy 
profit from Day 1, Commerz Financial 
Products is expected to bring Commerz- 
bank up to speed in areas where it still 
lags in both management style and prod- 
uct areas. 

“We want to bring the strength of the 
derivatives unit to the bank and the 
strength of the bank to the derivatives 
unit,” Mr. Duttweiler said, adding that 
Commerz Financial Products would stay 
in the mam budding despite the fact that it 
is technically an independent subsidiary. 

Weekly meetings are held between 
Commerz Financial Products teams 
trading derivatives and Commerzbank 
employees trading the products on which 
the derivatives are based, he said. 

Mr. Paille, meanwhile, said Commerz 
Financial Products’ activities would 
“modernize” Commerzbank's German 
branch network by providing new deriv- 
ative products for local managers to sell 
to small and medium-sized companies. 

Some changes, such as agreeing on 
Fitglish as an official language, are obvi- 
ous, while others are more subtle. Em- 
ployees at Commerz Financial Products 
forsake titles, for example, which is a 
radical departure from the German norm. 

Commerzbank is the first German 
bank to establish a separate subsidiary to 
deal in derivatives, a decision that Mr. 
Paille says gives it more flexibility and 
greater control than it would have if it 
were integrated in the bank. 


Investor’s Europe 



London 
f=TSE 100 Index 

parts 

C«C40: 

3300 ■» 7 

M. .- ;~V 

320Q . 

2 »:- JI' ■ : 

3190 \ faff 

; 2909#: /% ; 

mhl i* • 

• Lr i,l A 

2900 7 

• m y .'W 

m J. JA SON 

. W® j j R'.Sd'R 


1994 


Exchange 


Index 


Thursday 


Amsterdam ■ AEX 


Prev. ' 

dose 

412.10 


Change 
■ 4)50 


Brussels 

Stock Index 

7,204-52 

. 7,207.28 

4354 

Frankfurt 

DAX 

2,10259 

2,110.75 

■-0.38 

Frankfurt 

FAZ 

789J31 

791.13 

.-O20 : 

Helsinki 

HEX 

154542 

1.9&.6B 

+02B 

■London ■ 

I 

l 

2*0650. 

2,420.78 


London 

FTSE100 

3,127.50 

3,14550 

-0.60 

Madrid - 

General index 

30252 . 

308.66 . 

-1-25 

Man 

M1BTEL 

10209 

10215 

-056 

Paris 

CAG40 

1,327.53 

1550 20 

-1.16 

Stockholm 

AftsetsvaeridaR 

1,927.01 

1,948.61 

-1.11 

Vienna 

Stock Index 

NJL 

421,03 

■ - 

Zurich 

SBS 

921.42 

923.46 

-022 

Sources: Reuters, AFP 


Irurmau-iu] Herald TriHuv 

Very briefly: 


Ericsson Profit Rises 89%, but Stock Tumbles 5% 


Compiled by Ovr Staff From Dispatches 

STOCKHOLM — ■ Shares in LM 
Ericsson AB, the Swedish telecommuni- 
cations equipment maker, dropped 5 
percent Thursday after the company's 
nine-month profit almost doubled but 
failed to meet analysts’ forecasts. 

The stock fell 23 kronor to 439 after 
the company said pretax profit had 
surged 89 percent, to 3.49 billion kronor 
($472 mflnon). Analysts had widely pre- 
dicted a figure between 3.5 biQioc and 
3.6 billion kronor. 

“It's probably the old classic 
the rumor, sell on the fact,” said 
Wendt, an analyst with Wasabankeu. 

Chief Executive Lars Ramqvist said 
frill-year profit was expected to be con- 


siderably better than the 3.11 billion 
kronor posted in 1993. 

Ericsson said nine-month sales had 
risen 29 percent, to 54.57 billion kronor. 
It said it received new orders worth 
60.1 1 billion kronor, up 22 percent from 
1993. 

Ericsson said its Radio Communica- 
tions Group, consisting mainly of units 
making mobile phones, posted the 
strangest growth and accounted for 
more than half of sales during the third 
quarter of 1994. Mobile telephone sales 
surged by 72 percent 

Mr. Ramqvist said he expected Erics- 
son’s sales of mobile phones would grow 
at a higher rate than the mark et leader 


Motorola Inc. and No. 2 supplier Nokia 
AB. 

Business from European Union coun- 
tries accounted for about a third of sales. 
The United States represented about 12 
percent of sales, followed by Sweden, 
Italy, Britain, China and Japan. 

Ericsson’s capital spending increased 
to 3.59 billion kronor during the period 
from 25 1 billion, including large invest- 
ments to further develop equipment for 
digital public switching and mobile tele- 
phone networks. 

“We can also invest heavily in other 
areas such as broad band, transport and 
access networks, and systems for opera- 
tion and maintenance,” Mr. Ramqvist 
added. (Reuters, Bloomberg) 


■ Bfannesmann Rack in die Black 
Mannesmann AG said expansion and 
Iowa* costs led to a profit in the first 
nine months of 1994, after a significant 
year-earlier loss, Bloomberg Business 
News reported from Dussddorf. 

“Despite still-difficult price competi- 
tion in many areas of operation, earn- 
ings have substantially improved,” 
Mannesmann said. “Through Septem- 
ber the company finished with a profit” 
The company did not provide nine- 
month profit figures, however, nor did it 
offer an outlook for the year in its nine- 
month report aside from saying that 
there would be a profit 
Sales in the first nine months grew 9 
percent, to 21.1 billion Deutsche marks 


• Airbus Industrie, the European consortium, said it would hold 
prices on spare parts for all Airbus jets at 1994 levels next year. 

• Poland's securities regulators said they were preparing rules to 
allow Warsaw Stock Exchange companies to be traded in the 
United States through American depositary receipts. 

• United International Pfctmes BV, a venture of Hollywood movie 
houses, said it had sued the European Union for blocking finan- 
cial guarantees against two film productions it was to distribute. 

• Nordbanken AB, a Swedish state-owned bank, said nine-month 
operatingprofii rose 1 1 5 percent on Lhe year to 2.8 billion kronor 
($379 million) amid a decline in provisions against bad loans. 

■ Telegraph PLCs third-quarter profit fell 25 percent to £33.9 
million ($53 million) as the newspaper price war in Britain offset 
cost-cutting measures. 

• Whitbread PLG the British brewer, said its pretax profit in the 
six months to August rose 35 percent rise to £183.6 million. 

• Stofiduy Bank, one of Russia's largest commercial banks, said it 
would work with International Business Machines Corp. to install 
2,000 cash dispensing machines over the next few years. 

• BQspedition AB, a Swedish transport company, said it cut its 
pretax loss by two-thirds for the first nine months of the year, to 
66 million kronor. 

Bloomberg, AP. Reuters. A FP 


Willis Corroon Share Price 
Falls After Reorganization 


With Eye on U.S , , Europe Plans to Press Japan on Trade 


Reuters 

BRUSSELS — The European Com- 
mission plans to press Japan to do more 
to open its markets and show that it 
prefers European tactics to the hard-line 
U.S. negotiating style at high-level talks 
in Tokyo on Saturday. 

The European commissioners Sir 
Leon Brittan, Renfc Steichen and Chris- 
tian Scrivener also will teQ their hosts 
that the EU wants a role in monitoring 
the trade deal struck last month between 
the United States and Japan. 


The European officials will meet with 
a Japanese team including Yohei Kona, 
the foreign minister, and Ryu taro Ha- 
shimoto, the international trade and in- 
dustry minister. The meeting was post- 
poned once this year because of political 
upheaval in Japan. 

A European Commission spokesman 
said Thursday that Europe was export- 
ing more goods to Japan across a wide 
spectrum, but more progress was needed 
to make inroads into to ElTs trade defi- 
cit with Tokyo. 


Japanese figures show that the coun- 
try's trade deficit with the EU for the 
first eight months of the year fell 19.5 
percent, to $14.7 button, from the com- 
parable 1993 period. 

The commission spokesman said the 
timing of the talks was important because 
the United States was sbghtly softening 
its hard-line tone against Tokyo while the 
EU was firming its own position. 

“We are not thumping the table, but 
we want a dear signal from the Japanese 
side that they believe ours is the right 


approach,” a commission official said. 

■ U.S. Offers a Wish list to Japan 

The United States, shifting into a new 
gear in trade talks with Japan, has called 
on Tokyo to deregulate markets for food, 
cars, medical equipment and other prod- 
ucts, Bloombeig Business News reported- 

A 32-page U.S. wish list, released in 
Tokyo, was drawn up with a five-year 
Japanese government deregulation plan 
in mind, said a U.S. government official 
who requested anonymity. 


Compiled by Oar Staff From Dispatches 

LONDON — Shares in Wil- 
lis Corroon Group PLC rose 
Thursday after the company re- 
ported a drop in pretax profit 
but announced a major reorga- 
nization. 

The international insurance 
broker said the changes were 
aimed at saving £30 million 
($47 million) annually and 
would result in a fourth-quarter 
charge of about £40 million." 

Willis said nine-month pre- 
tax profit fell to £54.4 million, 
compared with £70 million last 
year, mainly because expenses 
rose faster than revenue. 

Its shares rose 8 pence to 146. 

Willis said that while revenue 
grew 2 percent, expenses from 
continuing operations grew 6 
percent, mainl y for developing 
North American and reinsur- 
ance operations. 


Willis also said the contribu- 
tion from Gryphon Holdings 
Inc., Che U.S. unit, fell to 1 mil- 
lion from 7.4 million the year 
before because of losses from 
the California earthquake this 
year. Willis also reduced its in- 
terest in the company to 36 per- 
cent from 100 percent. 

The reorganization, which 
will include job cuts, is “intend- 
ed quickly to correct the group's 
current unsatisfactory perfor- 
mance in terms of overall prof- 
itability,” the company said. 

Although a spokesman said 
specific details of the review 
would be announced with full- 
year results, he said “about 
halT* the £40 million provision 
would account for getting rid of 
property leases 

(Bloomberg, AFX) 


NYSE 

Thursday’s Closing 

Tables Include the nationwide prices upto 
the dosing on Wail Street and do not re flect 
te trades elsewhere. Via The Aasooatad Press 


late 



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. A •" 


the conference 
WILL ASSESS: 

March 6 

Global fixed income and 

equity marhets. 
March 7 

Asia-Pacific equity and 
fixed income markets. 


-V-.fc. 


GLOBAL FUND MANAGEMENT 

Which Way are the:01a/rkets Moving? 

THE EXPERTS DEBATE THE TRENDS • REGENT HOTEL • SINGAPORE - MARCH 6&7 • 1995 

Ilcralb ^^feS ribunc 


IimtNiTUNU Foss INVESTMENT 


FOR FURTHER INFORMATION 
ON THE CONFERENCE, 
PLEASE CONTACT: 

Brenda Erdmann Hagerty 
International Herald Tribune 
63 Long Acre, London WC2E 9JH, England 
Tel: (44 71)8364802 
Fax: (44 71)836 0717 































































































INTERNATIONAL HERALD TRIBUNE, FRIDAY, NOVEMBER 18, 1994 


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Page 17 

ASIA/PACIFIC 


lg Ixiants 

an Get 




Bbxmbcig Business News 

TOKYO — Japan’s giant 
trading companies reported 
sluggish half-year earnings 
Ttansday, a result of the yen’s 
appreciation and an economy 
that is stiH finding its footing 
after a long recession. 

“The economy is slowly re- 
covering,’; said Hideo Matsu- 
mnra, senior managing director 
of Itochu Corp., one of the big 
six trading companies. “But the 
strong yen is hurting us.” 

The Japanese steel, chemical 
and other products they sell 
abroad have become less com- 
petitive because of the high val- 
ue of the yen, and the products 
they import, being priced most- 
ly in dollars, generate less reve- 
nue in yen terms. 

Itochu , Mitsui & Co_, Maru- 
t Jran Coip., Sumitomo Coip. 
\ and Mitsubishi Coip. reported 
either a decline or only a mar- 
ginal increase in current profit 
for the six months ended Sept. 
30. Nissbo Iwai Coip. reported 
a large current profit rise, but 
its net profit declined. 

All the companies except 
Marubeni said they expected 
profit for the full year to in- 
crease slightly. 

The trading companies loom 
large in Japan’s economy, both 
because of their size and be- 
cause, in many cases, of their 
positions at the heart of even 
bigger business groups. 

Mitsubishi, Japan's biggest 
trading concern, benefited from 
lower interest payments and 
posted a rise of 0.75 percent in 
current profit, to 27.83 billion 


yen ($282 million). Sales de- 
clined 4.1 percent, to 1.64 trfl- 
hon yen. 

Itochu, which has stakes in 
Japanese cable operators and 
aims to launch a satellite-based 
pay television network, report- 
ed a current profit rise of 0.66 
percent, to 18.63 billion yen. 
Sales declined 1.9 percent, to 
7.73 trillion yen. 

With interests including steel 
products and chemical maim , 
facturing, Mitsui reported a fall 
of 7.8 percent in current profit, 
to 21.69 billion yen, while sales 
declined 2.1 percent, to 7.49 
trillion yen. 

Marubeni said its current 
profit fell 24 percent, lo J5.59 
billion yen, and Sumitomo’s 
profit fell 6 percent, to 17.01 
billion yen. Marubeni sales rose 
1 percent, to 6.81 trillion yen, 
while Sumitomo sales fell 4 per- 
cent, to 7.22 trillion. 

■ Builders See Declines 

Japan's giant construction 
companies, struggling a gain 
with lower profit in the first half 
of the buaness year, believe 
business will continue to de- 
cline through the next year and 
possibly beyond, Reuters re- 
ported. 

AD of Japan’s four largest 
contractors — Shimizu Coip., 
Taisd Coip., Obayashi Corp. 
and Kajima Corp. - — an- 
nounced Thursday that their 
current profits in the six months 
to September had plunged. 
Most severely hit was Taiset, 
whose six-month parent current 
profit plunged 52 percent, to 
15.15 billion yea 


Rockefeller: Quiet Crisis 

Silence in Japan on Problem Property 


By James Sterngold 

New York Tima Service 

TOKYO —Not many publicly listed com- 
panies in Japan speak candidly with stock 
analysts, so when Mitsubishi Estate Co. invit- 
ed some analysts for discussions in recent 
weeks, they attended eagerly. 

Executives from Mitsubishi Estate talked 
about the state of the battered Japanese prop- 
erty market, the company’s slowly recovering 
occupancy rales and si£ns that the condomin- 
ium market may be rebounding. 

But the most important — and revealing — 
aspect of the meetings was what the company 
chose not to say: In New York, an affiliated 
company was disclosing in a routine govern- 
ment filing that Rockefeller Center, the tro- 
phy property in Manhattan that Mitsubishi 
Estate has controlled since 1989. was in seri- 
ous financial difficulty. 

The filing made it clear that Mitsubishi 
Estate and its partners might default on the 
mortgage on the property. 

The filing was not mentioned in Japan, and 
it came as a shock to analysts. But, given the 
size of Mitsubishi Estate and its prime hold- 
ings in Tokyo, the analysts said, a default 
would hurt the company’s reputation but 
would not cause serious financial harm. Some 
analysts are still recommending the stock. 

On Thursday, the stock closed down 50 
yen, at 1,070 ($10.84). 

“We asked about Rockefeller Center, and 
they didn’t mention this at all,” said Takashi 
Hashimoto, a real-estate analyst with Salo- 
mon Brothers Asia Ltd. 

Frustrating, perhaps, but par for the 
course. Japan's laws on disclosure of financial 
information for public companies are weak 
and poorly enforced. 

The disclosure about Rockefeller Center, 
made Monday to the U.S. Securities and 
Exchange Commission, showed that its owner 
had been hemorrhaging capital; its cash-flow 
losses have totaled $516.6 milli on since 1985. 
The company that owns the mortgage. 
Rockefeller Center Properties Ino, had to 
report that the cash problems raised “sub- 
stantial doubt about the borrower’s ability to 
continue as a going concern.” 

The borrower, Rockefeller Group Inc., is 
80 percent owned by Mitsubishi Estate. In its 


latest financial statement, for the six months 
ended Sept 30. Mitsubishi Estate made no 
mention of this development 

Mitsubishi Estate said its pretax profit was 
29-6 billion yen in the six months, a modest 
decline of 4 percent from a year earlier. 

Analysis said that technically, the report 
for the six-month period was only for the 

ENTERWATTONAL STOCKS 

parent company and did not have to include 
the consolidated results for Mitsubishi Es- 
tate’s affiliates. But that left few satisfied. 

“They were not required to talk about it. 
but since they were going to make the disclo- 
sure in New York, and this is so important to 
them, they should have said something,'' said 
Mark Brown, an analyst with Barclay’s de 
Zoeie Wedd Securities. 

The analysts said it was not clear what 
impact the RockefeDer Center problems would 
have on Mitsubishi Estate, though it was likely 
to be modest, given the company’s size. 

The company, which has huge holdings of 
office space in Tokyo, has consolidated assets 
valued at about $26 billion. In the financial 
year that ended on March 31. it reported $390 
million in net earnings. 

Bernard Siman, an analyst in Japan with 
UBS Securities, said Mitsubishi Estate's 
strengths were the quality of its holdings in 
Tokyo and the fact that it had kept a lid on its 
debt, which came to a little more than $8 
billion as of March 31. And while analysts 
generally say the company overpaid consider- 
ably for i is Rockefeller Center holdings, it has 
made few such mistakes. 

“At the end of the day, the Rockefeller 
Center folly was already factored into the 
share price,” said Mr. Siman, who recom- 
mends the stock. 

Mr. Hashimoto of Salomon Brothers also 
recommended the stock, but only for long- 
term investors. 

“Yes, this is painful for Mitsubishi," Mr. 
Brown said, “but given the overall profile of 
the company, the RockefeDer Center problems 
do not represent a huge problem for them.” 


Alarm Bell 
Over Prices 
In China 

Rndm 

BEIJING — China issued an 
urgent call Thursday for belt- 
tightening as inflation defied 
controls and the value of indus- 
trial output surged. 

“Things that don’t need to be 
done should not be done; things 
that can be delayed should be 

delayed,” the Finance Ministry 
said in a directive on cost-cut- 
ting measures addressed to all 
government departments. 

Consumer prices rose at a 
rate of 27.7 percent year-on- 
year in October, the State Sta- 
tistical Bureau said in a report 
carried by the official Xinhua 
news agency. The consumer 
price index in October was 1.7 
percent higher than in Septem- 
ber. 

“While inflation was still 
high, its pace slowed down in 
October.” the news agency said 
without elaborating. 

China has adopted a series of 
urgent measures to try to con- 
trol inflation, including limiting 
new construction projects, but 
it has already admitted failure 
in its attempt to hold price rises 
to 10 percent this year. 

Retail sales in October 
jumped 37 percent from a year 
earlier, to 144.4 billion yuan 
($17 billion), the biggest 
monthly rise this year, the bu- 
reau said 

The value of industrial out- 
put in October rose 243 percent 
year-on-year to 142.6 billion 
yuan, a 6 percent increase from 
September, the government 
said 

The statistics bureau added 
that state-owned industries had 
begun growing more quickly, 
heavy industry was rebounding 
and efficiency had improved 
helping to reduce losses at state- 
owned companies. 


Investor’s Asia 


Hong Kong 
Hang Seng 

11DDD 


Singapore 
Straits Times 


Tokyo 

Nikkei 225 




J J A SON 
1994 


Exchange Index 

Hong Kong Hang Seng 

Singapore Straits Times 

Sydney All Ordinaries 

Tokyo Nikkei 225 

Kuala Lumpur Composite 

Bangkok SET 

Seoul Composite Stock 

Taipei Weighted Price 


SON ^J'iASON 
1994 

Thursday Prev. ; % 

Close Close Change 

9,51 £L28 9,592,2 4 . -0.77 

235737 2,34650 -*0.49 

1,92240 1,94030 -0.92 

19.33C-57~19.3 Q6.5S +0.16 

1,052-48 i;063.t5 -1.00~ 

1,479.26 1,469.15 -0.66' 

1,120.63 1,11875 +0-17 

BJ267.S8 6346.78 -1.24 


Manila 

PSE 

2£84.10 

2.901-45 

+0.09 

Jakarta 

Stock Index 

512.46 

514.14 

-0.33 

New Zealand 

NZSE-40 

244&20 

2,038.02 

+0.50 

Bombay 

National Index 

1,964.53 

1,951.13 

+0.69 

Sources: Reuters. AFP 


InitntJmrul Hcrulil Tnhow 

Very briefly: 


• ABN AMRO Bank, the banking unit of ABN-AMRO Holding 
NV, has taken a 20 percent stake in HG Asia Group, a Hong Kong 
brokerage; terms were not disclosed. 

• Amoco Corp. plans to add capacity to produce purified tere- 
phlhalic acid, which is used to make polyester, in India. Pakistan 
and China. 

• Daihatsu Motor Co.’s pretax profit surged 280 percent, to 11 
billion yen (S21 million), in the six months to SepL 30 as cost- 
cutting offset a 5 percent drop in sales. 

• Pacific Dunlop Ltd. blamed concern about the safety of its heart 
pacemakers for a 7 percent drop in its share price the past two 
days; the company has recalled three models for defects. 


I . 
1 


• Aiwa Co. plans to produce and sell personal computers and 
peripherals in Singapore and to spend 56 million Singapore 
dollars ($38 million) to expand its research facilities there. 

• Central Department Store in the eastern Chinese city of Nanjing 
has become the first such store in China to open a car showroom, 
the Xinhua news agency reported. 

Reuters. AFP. Bloomberg 


hIKi 

ihvm 

i Cnk 


rifi‘ 


Beaujolais 
Out Early 
In Japan 

Agence France-Prase 

TOKYO — A Japanese 
retailer broke the embargo 
for new Beaujolais wine, 
claiming that the practice 
forces consumers to pay an 
inflated mice, a newspaper . 
reported' Thursday . 

Beaujolais Nouveau, a 
ligh t red French wine of the 
current year, should by cus- 
tom have gone on sale at 
midnight on Thursday. 

But the Shimono Liquor 
Shop chain slashed the 
price at its store in Chiba 
and put the wine on sale' 
Tuesday, according to the 
Mainidn newspaper. 

Iwaji Shimono, president 
of the discount liquor store 
chain, criticized producers 
and distributors. 

“Although the produc- 
tion cost is no more than 
300 yen ($3) a bottle, they 
are airlifted to Japan for 
the sole purpose of inflat- 
ing the price,” he said. 

Shim ono sells new 
Beaujolais at 1,100 yen a 
bottle, compared with a na- 
tional average of 2,000 yen. 


Australia Blocks Qantas and BA on Joint Fare Plan Singapore Growth Booms 

J l—. I" A ■ hinnO RnnnAtnl novl kum 


Compiled by Oar Staff Fnm Dispatches 

CANBERRA — The Trade 
Practices Commission said 
Thursday it would block Qan- 
tas Airways and British Air- 
ways from setting prices and 
schedules on routes between 
Australia and Asia or Europe, 
saying the arrangement was 
anti -competitive. 

The airlines argued to the 
commission in a joint suhmis- 
sionin August that they would ' 
save more than 90 million Aus- 


tralian dollars ($68 million) a 
year if they were allowed to 
pool their resources. 

But Alan Fels, the commis- 
sion chairman, said, “Price-fix- 
ing between competitors, in 
particular, is one of the most 
serious forms of anticompeti- 
tive conduct which competition 
law here and overseas seeks to 
address.” 

British Airways and Qantas 
said they were disappointed 
with the ruling. 


But the commission said it 
could still change its draft deci- 
sion. “If they can persuade us 
that we are wrong with a con- 
vincing argument, the commis- 
sion could well change its 
mind,” Mr. Fels said. “But at 
the moment, the commission is 
not satisfied with the proposal ” 
The decision also brings 
more turbulence to Qantas be- 
fore its planned share flotation , 
next year. 

Analysts said that because 


the expected savings were un- 
likely to materialize because of 
the ruling, as much as 25 per- 
cent could be cut from the esti- 
mated 2 billion dollar value of 
the public offering. 

(Reuters, Bloomberg, AFP) 

m Bank's Profit Soars 

National Australia Bank 
Ltd, the country's largest com- 


mercial bank, posted a record 
profit for an Australian compa- 
ny, news agencies reported 
from Melbourne. 

The bank said profit after 
taxes and one-time items in the 
12 months ended Sqpt. 30 rose 
5 1 percent from a year earlier, 
to 1.71 billion dollars. 

(Reuters, Bloomberg, AFP) 


Compiled by Our Staff Fnm Dispatches 

SINGAPORE — Singa- 
pore’s economy grew at a 
stronger-than -expected 103 
percent annual rate during 
the third quarter, the Trade 
and Industry Ministry said 
Thursday. 

Growth was broad-based 
across the city-state's key sec- 
tors. particularly manufac- 


turing, financial and business 
services and construction sec- 
tors, the ministry said. 

The statement said that 
for the first nine months of 
1994, growth averaged 10.4 
percent a year and added 
that “the outlook for the 
whole year remains good." 

(AFP, Bloomberg) 


U.S . Lauds Thai Trade Policy 

The Associated Pros 

BANGKOK — U.S. Secretary of State Warren M. Christopher 
praised Thailand on Thursday for opening its markets to Ameri- 
can citrus fruit and said it would be taken off a watch list because 
it had begun to crack down on pirates of UJS. products. 

Mr. Christopher spoke at a news conference after a day of 
meetings with Thai leaders. He arrived Wednesday from Indone- 
sia, where be and President BDJ Clinton had attended a meeting of 
the Asia-Pacific Economic Cooperation forum. 

Describing Thailand as an “increasingly level and fair playing 
field” in the trade and economic spheres, he said the country had 
agreed to allow U.S. citrus fruit to be imported for the first time. 

Thailand had recently completed legislation aimed at 
stopping piracy of mteBectnal property, Mr. Christopher said, the 
country would be removed from a list of copyright violators. 

Being on the watch list does not entail any penalties, but it 
generally harms a country’s reputation and warns businesses that 
their products are likely to be illegally copied in that country. 

U5. Trade Representative Mickey Kantor said the United 
States was reviewing trade benefits lost by Thailand. 


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SIEMENS 

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Financial Multi-Conference Exhibition 

Under the aegis ol the 

Hellenic-German Chamber of Commerce and Industry 
Official Sponsor ASTIR INSUR ANCE COMPANY 
Multi -Conference Sponsor; 

COMMERCIALBANK OF GREECE 

On November lbth and 20th. the investment and linanrLil muliiconrerence-cvhibiiion “MuNF-Y SHOW is organized. |ur the third year, underthc 
aegis oT the Greek-Gennan Chamber or Commerce and Industry. The organization b managed h> the Innovative AppliojiiiHis Ci-mrt uf ihe 
Ofgtinotecnica Group. 

The objective of the -MONEY’ SHOW” 

a. The promotion of financial prochids and services oflertd in the Greek market. 

b. The presentation ol various possibilities in dynamic and profitable sectors nl the Greek Economy. 

What is offered by foe “MONEY SHOW” 

* Presentations and collaboration discussions with [he most important representatives »T the New Money Market and/nr investors. 

* Presentations of services and collaboration negotiations in the pavillinn of each exhibitor. 

* Contacts, agreements and specialized official information and updates. 

♦Direct communication wiihasocineoinnmicaJly upgraded public, seeking services and produasnl the highest standards. 

The aim of the "MONEY SHOW Ls tn creuie, year after year. Ihe framework w ilhiri which all I actors nt the Investment Muriel, the Money Muriel, 
as well as significant Institutions ol ihe Economy, can communicate, exchange kkra-udentily and formulaic mutually hcnefictal partnerships and 
relationships, and finalize agreements and odloborat ions. 

The operation of the -MONEY SHOW” 

The “MONEY SHOW will be organized in the Alhenucum ImcrDmiinentaJ Hold. 

Its core will be the Muliiconlerena. to he held In the specially modified three-parr HiiHrttom.Tbe about tfl speaker., as well as all the panicipams ol 
ihe Conventions, are selected from ihe sector ol Ihe money and investment markets. The subjects of the Muliwonference are divided into 12 
independent categories (detailed information is available on retjuesi ). 

The lower two (loori nf the Hold are organized us CHficta-Pavillions ol the exhihiiors. to allow lor independent contacts and negotiations. This is 
most important and differentiates the "MONEY SHOW’ from other simple presentations, rendering it both creative and effective. 

The central design philosophy of the “ MONEY SHO W” 

The exhibition operates as an area for discussions and conoids and. secondarily . as an area for presentations, but in all cases [or a pre-selecied 
audience. The participation to the exhibition does not fall solely under the logic ol the promotion m a company profile, hut extends into the 
courtiJi/ed organization of ail necessary procedures for facilitating negotiations und/or agreements with the most significam prospective customers ol 
each exhibitior. Our collaborators in each parol lei convention arc the most significam representatives of ihe specialized press in the particular sector. 
The 5 .000 visitors of the exhibition are made of ihe audience ol the conventions. 

Information management of the "MONEY SHOW" 

The How control is computerized and monitored centrally. 

Addiltonaljnfprmatjon; 

Organotecnica Group 
Th. Sofouii 12 
GK- 154 5 1 Neo Psyhico 
Greece 

fax +30 (DM73234 Communication Sponsor: NAFTEMBORIKI 


: NAFTEMBORIKI 






















































































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INTERNATIONAL HERALD TRIBUNE, FRIDAY, NOVEMBER 18. 1994 


Page 19 


SPONSORED PAGE 






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MKl 
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f aris is a magnet that at- 
tracts Francophiles from all 
over the world. For those 
who are drawn to the French 
language and culture, the 
Sorboime’s Cours de Civili- 
sation Fran^aise is one of the 
most popular programs. 
This special program for 
those over the age of 1 8 of- 
fers summer courses of 
varying lengths and for all 
levels of language proficien- 
cy from June through Sep- 
tember. 

Morning courses stress 
grammar and written ex- 
pression and are supple- 
mented with homework and 
afternoon conferences for 
interested students on 
French culture and art. A 
course for professors and 
visitors with an advanced 
level of French is also of- 
fered from die beginning of 
July to mid-August. 


Fashionable courses 
Parsons School of Design, 
based in New York City, has 
a campus in Paris as well. 
Both branches of the school 
offer summer programs at 
the pre-college and college 
levels and master classes 
that take full advantage of 
the artistic and design re- 
sources of each city. Sum- 
mer courses cover such sub- 
jects as fine art, art history, 
fashion, decorative arts, ar- 
chitecture and photography. 
Paris classes are all taught in 
English, and the New York 
campus has a course called 
Language and Design for 
non-native English speakers. 

Located in the historic 
Latin Quarter, the Paris 
American Academy offers 
courses in the fine aits, fash- 
ion and interior design, as 
2 well as intensive French- 
language courses. The acad- 
emy uses an apprenticeship 
form of instruction, in keep- 
ing with its pfcalosophy that 
students should work and 
study in direct contact with 
i professionals. Representa- 
tives of the media, gallery 
owners and fashion design- 
ers are invited to participate 
in student art exhibitions and 
fashion shows. 

Bilingual cooking classes 
Aspiring gourmet chefs can 
choose between two re- 
nowned cooking schools 
with bilingual (French and 
English) cooking classes. 
The Ecole de Gastronomic 
' Frangaise Rhz-Escoffier, lo- 
cated in the prestigious H6- 
telRitz, has courses in tradi- 
tional French cooking, wine, 
cheese, pastry and breads, as 
well as special holiday 
courses in which students 
learn bow to cook traditional 
French Christmas and New 


ART IN PROVENCE 

The Marchutz School 
taflra Soutfi of France 

QnMHw/YwifSummareolas* Ciw* 

27, Place de rUrdw ft* 
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FINE ARTS FASHION 
INTERIOR DESIGN 
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BlUN'CliAL UNIVERSITY 

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SUMMER WORKSHOPS 

4 WEEKS 
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7d:4U53S& 
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Year’s meals. There is also 
instruction in the art of ele- 
gant entertaining and flower 
arranging. 

The Cordon Bleu cooking 
school also offers special 
holiday courses. Unusual 
classes here cover foie gras, 
chocolate and shopping trips 
in Paris’s open-air markets. 

Big-city life, even in Paris, 
does not appeal to everyone, 
however. Luckily, the 
French provinces also offer 
a variety of learning oppor- 
tunities. The Institut de 
Francis in VjUefranche, 
near Nice, for example, is a 
language school with a spec- 
tacular setting on the 
Mediterranean. It offers two- 
or four-week total-immer- 
sion courses that stress di- 
versified teaching approach- 
es in smail groups in a 
French-only speaking envi- 
ronment Classes are held in 
a handsome hillside villa 
overlooking the port town 
and the sea, and the institute 
can arrange for bousing in 
its own apartments in town 
or in a hotel. 

Family atmosphere 
La Cardfcre offers French- 
language courses in an inti- 
mate family atmosphere in 
the calm of the Bresse coun- 
tryside. A maximum of five 
students follow intensive, in- 
dividualized courses lasting 
oue week or longer. French- 
speaking visitors add to the 
variety of the conversation. 
Three excursions in Bresse, 
the Jura and Burgundy are 
included in the course, and 
there is a heated swimming 
pool and a pond on the 
premises, as well as exten- 
sive sporting facilities and 
bicycles. 

In the lovely, fively south- 
ern university town of Mont- 
pellier, AJ’JLE. (Associa- . 
tion pour la Promotion des 
Rencontres entre Etudiants 
Etrangers et Fraagais) offers 
intensive French-language 
courses in small groups. 
Cultural activities are 
stressed here, including au- 
diovisual presentations of 
art, poetry and music; films; 
lectures and debates; and 






mmmm 






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outings with French people 
to beaches, films, restaurants 
and shows so students can 
practice in real life what they 
have learned in class. Once a 
week, there is an excursion 
to such attractions as the 
Mediterranean coast (only 
15 minutes away), the wine 
country or nearby Gallo-Ro- 
man villages. 

The light of Provence 
The University d’Aix Mar- 
seille III, located in the 
beautiful old Provencal town 
of Aix-en-Provence, offers 
three intensive four- week 
courses in French in June, 
July and September. Small 
groups spend 20 hours a 
week in class, and in the af- 
ternoons, two-hour work- 
shops cover special topics 
such as French comic books, 
French literature and poetry 
or commercial French. 
Saturdays are devoted to 
outings in Provence. The 
university is willing to help 
students find living accom- 
modations, and students 
may also take courses during 
the university’s normal se- 
mesters, from October to 


January or February to May. 

The Marchutz School, 
also located in Aix-en- 
Provence, offers art classes 
in an area whose special 
light and landscapes attract- 
ed such artistic geniuses as 
Cezanne and Van Gogh. In 
addition to painting and 
drawing classes, courses in 
art history and criticism and 
museum studies take advan- 
tage of the region’s artistic 
treasures. Students can also 
lake French language and 
culture courses through the 
affiliated Institute for Amer- 
ican Universities and studio 
courses at the French Ecole 
des Beaux-Arts. 

Champagne country 
Moving up to the north of 
France, EDFAR (Institut du 
Frangais des Affaires de 
Reims) was founded last 
year to provide foreign busi- 
nesspeople with training in 
French business language 
and practices. In addition to 
its pedagogical function, 
which includes an emphasis 
on intercuIturaJ relations to 
help avoid embarrassing cul- 
tural misunderstandings, the 


school has the added attrac- 
tion of being located in 
Reims, in the heart of Cham- 
pagne country. Students can 
concentrate on the language 
of their professional special- 
ty, be it anything from agro- 
industry to luxury goods. 
Programs are flexible and 
adaptable to the needs of 
students. After three weeks 
of intensive courses, stu- 
dents are entitled to a certifi- 
cate from the University of 
Reims. 

IFAM (Franco- American 
Institute of Management) is 
based in Paris, but its cours- 
es are taught in American 


English. The 1 0-year-old 
school has an interesting 
four-year program. 

The first year concentrates 
on the study of management, 
the second on work experi- 
ence. After the third year, 
students are awarded a 
Bachelor of Business Ad- 
ministration. The fourth year 
takes students to one of four 
affiliated top U.S. business 
schools, from which they re- 
ceive an MBA. IFAM also 
has a graduate program in 
management called the 
MBA University. Candi- 
dates spend part of the II to 
16 month program in Paris 


“Travel For Knowledge” 
was produced Ur Us enlirety by the Advertising Deponmera 
of the Iniemaiional Herald Tribune. 

Writer: Heidi Ellison is based in Paris. 
Program director: Bill Mahder. 


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COURTESY of the marchutz 











Page 20 


INTERNATIONAL HERALD TRIBUNE, FRIDAY, NOVEMBER 18, 1994 


SPORTS 

Bidding Opens for Golden State’s Reluctant Warrior 


By Richard Justice 

Washington Pott Service 

WASHINGTON — With the Gold- 
en State Warriors having re-signed 
Chris Webber, and prepared to trade 
him , the Washington Bullets were in 
position Thursday to pull off one of 
the biggest acquisitions in franchise 
history. 

Several National Basketball Associ- 
ation teams were expected to makea 
run at Webber, but the Bullets were in 
the best situation to land him. 

Sources close to the situation indi- 
cated the Bullets were prepared to of- 
fer forward Tom Gugliotta, a 1995 
first-round draft choice, perhaps an- 
other draft pick and other consider- 
ations. The Warriors and Bullets al- 
ready had discussed such a deal 
through a third party, but because of 
NBA tampering rules, had not spoken 
to one another. 

Now, they could begin formal dis- 
cussions, and sources said the deal 
could be pulled off soon. The Warriors 


might talk to other teams, including 
the Los Angeles Lakers, but they were 
believed to be intrigued by Gugliotta, 
one of the few front-line players they 
can fit under their salary cap. 

One source said Webber's new con- 
tract with the Warriors is a 12-year 
deal worth $73.14 million. It also is 
believed to include an unconditional 
escape clause after the second year, but 
not a no-trade provision. 

If the Bullets can complete the deal, 
Webber likely would be united with his 
former University oF Michigan team- 
mate, Juwan Howard, the Bullets’ un- 
signed first-round draft choice. The 
two were part of one of the greatest 
recruiting classes in college history, 
and in their two seasons together took 
Michigan to the National Collegiate 
Athletic Association tournament final 
twice. 

Some possible hangups remained. 
Because die Bullets and Warriors had 
not formally opened trade talks, their 
discussions bad been handled by a 


third party, according to sources. One 
source said the teams had already been 
told by NBA officials that the league 
had its eye on the deal and would 
investigate charges that the teams had 
discussed a trade before Webber had 
signed. Such a discussion is forbidden 
by NBA rules. 

Perhaps also because of those fears, 
officials from both teams made them- 
selves unavailable for comment. 

Webber was the first pick of the 
1993 draft and was last season's NBA 
rookie of the year. He was initially 
selected by Orlando and traded to 
Golden State, where he averaged 17_5 
points and 9.1 rebounds. He signed a 
15-year, $74 million contract mat in- 
cluded a one-year escape clause. He 
exercised that clause after clashing 
with Don Nelson, the coach of the 
Warriors. The Warriors had offered 
around $50 million over seven years, 
bat declined to give Webber another 
early escape clause, which he wanted 


in case his problems with Nelson con- 
tinued. 

The Warriors announced the si gning 
in a terse statement late Wednesday. It 
said forward Rod Higgins had been 
waived to dear a spot for Webber on 
their 12-man roster. The Warriors said 
Webber would not be available to play 
until at least Friday, which would give 
them time to complete a trade. Sources 
familiar with the discussions said the 
Bullets remained Webber's first choice 
if his disagreement with the Warriors 
could not be resolved. 

Webber apparently dedded several 
days ago that he’d like to be traded. 
The problem is that the Warriors first 
had to sign him to a contract that 
would fit in someone else’s salary slot 
Webber would then be trusting the 
Warriors to trade him, and he report- 
edly has been skeptical. 

If the Bullets can pull off the deal, 
they’d have the franchise player they 
haven’t bad since Wes Unseld retired. 


Webber, 6 feet 10, 250 pounds, (2.1 
meters, 1 13 kilograms) is 21 years old. 
He turned pro following his sopho- 
more season at Michigan. 

If the Bullets can dose their long 
and bitter negotiations with Howard, 
they’d have a dynamic front court de- 
spite the loss of Gugliotta, their best 
player. 

Webber has had troubles with Nel- 
son and didn’t like playing center. 
Now that the Warriors have acquired 
Rony Seakaly, Webber could play 
power forward. Bat be met with team 
officials 10 days ago and told them he 
didn’t want to play for Nelson. 

Sometime in the last couple of 

to gauge Webber’s txaSrolue^^S 
teams, most prominently the Los An- 
geles Dippers, talked of presenting 
Webber with an offer sheet, and the 
Lakers may attempt to enter the trad- 
ing sweepstakes. 


Baseball’s Owners 
Make New Proposal 




The Assodcied Press 

HERNDON. Virginia — 
T alks between major league 
baseball’s club owners and 
players resumed Thursday, with 
management to make a revised 
proposal that involves a tax on 
payrolls and revenue to be lev- 
ied on the richest and most free- 
spending clubs. 

That changes a proposal cen- 
tered around a salary cap. 

“We’ve been down this road 
before, and I don’t anticipate 
anything much different than 
what we’ve seen in the past," 
said Mark Belanger, a union 
executive. 

A committee of eight owners 
and management officials, 
working with a team of accoun- 
tants and lawyers, worked all 
day Wednesday at putting the 
finishing touches on the new 
proposal and at agreeing on 
proposed tax rates. 

The document represented 
the first new offer put forth by 
owners since June 14, two 
months before the start of the 
strike that ended the season, 
wiped out the playoffs and 
forced the cancellation of the 
World Series. 

Players were expected to 
spend much of Thursday study- 
ing the proposal. A response 
could come Friday. 

After that, it may be up to the 
federal mediator, W J. Usery, to 
keep the two sides talking. 

Under the new proposal, one 
tax would be levied on team 
payrolls that rise above a cer- 
tain level. Another tax would be 
charged on teams with the high- 
est revenues. Those funds 
would be used to subsidize 
small-market teams. 

• The NHL and its players’ 
union were to continue contract 
talks Thursday, with the league 
expected to respond to the lat- 
est proposal by the Players As- 


sociation by offering a counter- 
proposal of its own. 

A payroll tax to help small- 
market t eams has been at the 
heart this dispute. While own- 
ers deny that it is a strict salary 
cap, players say that it has the 
same effect as a cap. They pre- 
sented a proposal last week re- 
garding entry-level salaries and 
two-way contracts, but their 
version was unacceptable to 
owners, a management source 
said. 

• The NBA players’ union, 
on Wednesday night, rejected 
the league's proposal to close 
loopholes in salary cap rules. 

Charles Grantham, the 
union’s executive director, said 
the league had also turned 
down the players’ proposal to 
replace the salary cap with a 
rookie pay scale. 


■ 




.**» 

- 

*’y M — ■ 


Hoop-De-Do, 

It’s Begun Again 

Antonio McDyess was 
the odd man out as Kansas 
State’s Desmond Davis 
(24) and Belvis Noland 
tried to conal a rebound 
in a Preseason NTT col- 
lege basketball game in 
Tuscaloosa, Alabama. The 
18th-ranked Crimson 
Tide routed the Wildcats, 
79-48, in tbe first-round 
contest Syracuse (fid not 
fare nearly as well: 



scored the first 12 
points of overtime for a 
111-104 victory aver the 
12th-ranked Orangemen. 


Nc3 too dti cd Press 


NBA Standings 


Seattle 
LA Loiters 
l_A.Cn peers 


3 3 300 2 

3 5 -375 3 

0 6 300 5 


EASTERN CONFERENCE 
Atlantic Division 


New York 

W L 

4 2 

Pet 

.667 

GB 

Orlando 

4 2 

.667 



Washington 

4 2 

467 

— 

Boston 

2 4 

J33 

2 

New Jersey 

3 S 

36 

2Vj 

Philadelphia 

2 6 

3D 

3 

Miami 

1 5 

.167 

3 

Detroit 

Central Dlvtton 
4 2 

367 


G eve land 

3 2 

MU 

VS 

Milwaukee 

3 2 

,300 

VS 

Chicago 

4 3 

J71 

Vs 

Indiana 

3 3 

300 

) 

Charlotte 

2 4 

J33 

2 

Atlanta 

2 5 

36 

2VS 

WESTERN CONFERENCE 
MMmtDhrtsian 

W L Pd 

Houston 7 0 UBO 

GB 

Denver 

5 1 

33 

1VU 

Dallas 

3 2 

400 

3 

SonAnftmla 

3 3 

30 

3U> 

UUi 

3 4 

429 

A 

Minnesota 

1 7 

.13 

t Vl 

Golden State 

Pacific Dirts loo 
5 1 

33 


Portland 

3 1 

30 

1 

Phoenix 

5 2 

34 

to 


3 2 

400 

it* 


WEDNESDAY'S GAMES 
Seattle 34 9 IS 33— 93 

Batten 23 at 39 28— 130 

S: Schrempf 9-1S 1.1 19. Askew 4-13 7-12 15; 
B: Wilkins 10-15 5-7 29. Radio IMS 6-7 26. 
Rebounds— Seattle SD (Kemp 10). Boston 62 
( Radio IS). Assist*— Seam* 20 (McMillan 71, 
Boston 26 (Wesley. Brown 6). 

Miami 26 24 25 21— 96 

P hU odeipt i to 33 23 33 21—109 

M: Salley 9-16 3-6 7). Rice 8-18 4-5 24; P: 
Barms 10- 16 0-0 24, Malone 13-17 44 31. Re- 
bounds— Miami 41 (Salley 12), Philadelphia 
49 [Weatherspoofi 13). Assists— Miami 19 
(Coles 5). Philadelphia 25 (Barra 10). 
Chicago 26 21 39 25—94 

San Antonio 27 22 26 23-92 

C: Harper 10-173-6 27. Arm strong 5-10 1-2 13; 
S: Elliott 6-10 2-2 IS, Robinson 6-16 14-21 30. 
Reboands— Chicago 46 (Plppen 7). San Anto- 
nio 54 (Robinson 12). Assists— Chicago 19 
(Plppen 9), Son Antonia 15 (Johnso 8). 
Minnesota 26 20 26 32— 90 

Phoenix 24 27 29 2S-1K 

M: Marshall 11-26 7-6 30, Rklor 10-1*5-6 25; 
P: Manning 10-16 2-3 22, Molerto 8-20 l-l 19. 
Rebounds-Mlnnesota 47 (Marshall 13), 
Phoenix SI (Manning lOl.Assists— Minnesota 
27 (Rider 8), Phoenix 32 (Perry 9). 

New York 22 31 29 26—110 

LA. Lakers 30 16 23 30— 09 

NY: E wring 9- 154-722. Dav Is HH4 2-2Z7; LA: 
Campbell 612 58 17. Cebatlas 9-24 1-4 19. Re- 
bounds— New York 61 (Oakley, Ewing B), Las 


Angeles 59 (Cebatlas 12). Assists— New York 
35 [Mason. Anthony 7), Las Angeles 21 (Van 
Exei S>. 

Major College Scores 

PRESEASON NIT 
First Reend 
Alabama 79, Kansas St. 46 
Cmfslus Si, Penn 78 

George Washington ill, Syracuse 104 OT 
New Mexico St. 97. Southern Cal 84 
OMa U. 78, Ohio St. 67 
Virginia 63. Old Dominion 80 




EUROPEAN CHAMPIONSHIP 
QUALIFYING 
Group 1 

Poland A France 8 
Aartaflai 6, Israel 2 
Scorers: Ronnen Horazl <30th). Ron nr Ro- 
senthal (51st). 

Group 2 

Spain 1 Denmark 0 

Scorers : Miguel Angel Nadot (41st). Donato 
Gama da Silva (56th), Luis Enrique Martinez 
(B7tb). 

Cyprus 2. Armenia 0 
Scorers: AndraSaterfau (7th), Costas Fas- 
souliatli (87th). 

Belgiam 1. M ac ed o ni a 1 
Scorers: Belgium — GertVerheven (31st); 
Macedo ni a — Zoran Bo s fcovskl (54th). 


Group 3 

Sweden X Hungary a 
Scorers: Tomas Brolln (44ttil. Martin Dnh- 
Dn 170th). 

Switzerland 1, Iceland 8 
Scorer: Thomas Bicfcel (45th). 

Group 4 

Italy t Croatia 2 

Scorers: Italy — Dtno Baggio (90th); Cro- 
atia — Davor Suker (32d, 68th). 

Slovenia t, uibaanla 2 
Scorers: Sloven la— Zkrtko Zahovic (5Sth); 
Ltttnxpilo — vtoceslavas5urUstovas (54th I, 
Zuto (87Th). 

Group 5 

Belarus ft Norway 4 

Scorers: Henning Beni (34th), Oeyvtnd 
Leonhordsen (39th), Lars BoMnen (52d). Kle- 
in Rekdal (83d). 

Nett err a n ds ft Czech Republic 6 
Group 6 

Northern (reload ft Ireland 4 
Scorers: John Aldridge (6Hi). Rev Kotme 
(1 llh). John Sheridan (38th), Andy Townsend 
(54th). 

Group 7 

Georgia ft Wales 8 

Scorers: Telmur Ketsbayo (31st 49lh>, 
Georgy Klnktadze (41st), Gorin GagrtcNani 
(59th), Shota Arvdadze (67th). 

Adnata l, Germ an y 2 
Scorers: Albaila — Hyson Zmiltxil (32d); 
Germany — Jurgen Klinsmann 118th), uif 
Kirsten (46th). 

Bulgaria ft Moldova l 
Scorers: Bulgaria— HristaStolriikov (45th. 
SSTh). Krastmlr Bofakav (55th). Emil Kasta- 


dhwv (88th); Moldova — Sergiu descenko 
<60th). 

Group 8 

Finland ft Faeroe islands 0 
Sc or er s : Anttl SumteJa I37lhl. Jari Ut- 
mansn (51st, penalty. 71st). Mfto-Mattl Poo- 
tofcdnen (75th, BStfl). 

Greece X Sat Marian D 
Scorers: NiknsMoehlos (21st), Costas Fret- 
zeskos (84th). 

Scotland L Russia 1 

Scorers: Scotla n d — Scott Booth (19th); 
Russia — Dimitri Radchenk o (25tti). 

INTERNATIONAL FRIENDLY 
England 1, Nigeria 0 

£ . L-stl irj : 3 lJ 

BASEBALL 
American League 

CLEVELAND— Signed Rick Wrona and 
Luis Lopez, catchers. 

cw-l OAKLAND— Named Ted Potafcawskl di- 
rector of Arizona baseball operations and Do- 
vfd Salow director of Arizona businem opera- 
tions. 

TEXAS — Stoned Eric Fax. outfielder, to o 
contract with Oklahoma atv. AA and Invited 
him to spring training as a non-rater player. 
Named Sump Wllb minor league base run- 
ning Imti uria 

Natt oaa l League 

CHICA G O N am e d Max Oliver as bench 
coach, waived Randy Vera, pitcher. 

COLORADO— Added Juan Acevedo. Garvin 
Abtaa Roger Bailey, John Burke, Uayd Peever 


Teen Puts Team First, 
$3.7 Million Second 

By Eric Shepard 

Los Angeles Times Service 

LOS ANGELES — California’s newest and youngest : tot, 

news * al ** >** 
oick” Super Lotto ticket was the big winner in the weddy 
lad^tdrewing, Terry Dill was sitting in the local coffee shop 
* toy Jfcron, California, eating a traditional game-day. 

breakfast with teammates. „ _ 

“I love football more than anything, said Difi, who wan 
$3.76 million, or $135,360 a year after taxes for Aenext two 

Ml Mfhh •«* 

for a weekend trip to Sacramento to claim the pnze. 

“I gave Terry a hug after the game like I always do, and he 
whispered inrny ear that he was ready to collect his money, 
said Vicky DHL Terry's mother. “It had been a pretty emo- 
tional day for all of us.” 

DilL the youngest of Tharold and Vicky Dill s four chil- 
dren, became eligible to play the lottery when heturned 1 8on f 
Not! 6. Two days later, while eating at the Frosted Mug where 
his girlfriend is a waitress, he bought his first four lottery 
tickets alter finishing his hamburger and french tries. 

On one of the tickets. Dill tried picking the six winning 
numbers himself. The other three were selected by the com- 
puter, and it was the last “quick pick” ticket he bought that 
turned out to be the winner. 

Dill received the good news when an older brother in 
Stockton railed to say someone in Boron had the winning 
ticket. As Vicky Dill recited the numbers — 15. 30. 34, 35, 50 
and si — realized Tory had a perfect match. 

“We were just all screaming and yelling,” she said. “It’s 
something you just can't believe.” 

Despite the c omm otion. Dill did noL forget he was to meet 
his t eamma tes and coaches for breakfast, something the team 
does the morning before every game. 

In Boron, a minin g community of 3,000 in the^ Mojave 
Desert near Edwards Air Force Base, football is king. The 
school has lost only once the last two years, and Dill is a 
starting outside linebacker and tight end for the 8- 1 Bobcats. 

Vicky Dill is a cook at the Coffee Mug and Terry works 
these part-time as a waiter and janitor. After informing the 
team of the news. Dill was told by Coach Paul Kostopoulos 
that he would have to attend school that day to be eligible for 
the game. 

Terry Dill wants to attend junior college in the fall and play 
football, then transfer to veterinary school at the University 
of California at Davis his junior year. 

“None of this is reality yet,” be said, “so I just have to go 
about my life like 1 did before.” 


and Mark VMsanLpHriicn: Jason BotoftCrolg 
Counsel I. and Tom SriJmkfl, tnfMders; and 
Quintan MeCrnkax outfielder, to 40-man raster. 

HOUSTO N B ought controris of James 
Dasptf, Chris Holt Rick Hutaman and Doug 
Mlkkl. pi takers, and Bab Abrou, autftaWer. 
and added them to 40-man rater. 

NEW YORK— Signed Bryan Rodgers, Don 
Florence and Jimmy wm tarns. pitchers. 

PITTSBURGH — Signed Dale Swim, In- 
fielder. to a minor league contract and as- 
signed him to Calgary, PCL Named Trent 
Jewett manager of Carolina. SL. 

SAN DiEGO— Named Davev Lopes nnt 
base coach; Gralg Nettles third base coach ; 
and Tye Waller bullpen coocti. Sen! Jose Mar- 
tinez. mi cher, to Las Vegas of the Pacific 
Coast League, ana Dave Staton, first base- 
man, to Memphis, SL 
SAN FRANCISCO— Released Kent Botten- 
nekl pitcher. Assigned Tony Menendez, 
pitcher. Id Phoenix. PCL 

BASKETBALL 

Nattoaal Basketball Association 

BOSTON— Placed Sher man Douglas, 
guard, on the Inlured 1 1st. Activated Tony Har- 
ris. guard. 

CHARLOTTE— Signed Greg Sutton, guard, 
waived Joe Courtney, forward. 

CHICAGO— Activated Bill Wennington, 
center, ml Jud Buechier, forward, tram the 
In lured list. 

DALLAS — Activated Roy Tarpfev, for- 
ward, from the Inlured list. 

GOLDEN STATE— Re-signed Chris Web- 
ber. forward. Waived Rod H tag Ins, forward. 


FOOTBALL 

National Football League 

ARIZONA— Signed Chris Swartz, quarter- 
back. Waived Brian Henesey. running back. 

ATLANTA— Stoned Scott Tyner, kicker. 
Suspend e d Andre Rison. wide receiver, for 
one game lor repeatedly violating team rules. 

CLEVE LAN D— Waived Del Speer, solely. 

LA. RAIDERS-Slgned John Reece, defen- 
sive back, hi the practice squad. 

NEW ENGLAND— Placed Todd Collins 
linebacker, on Inlured reserve. Activated El- 
bert EOls. wide receiver, tram me prodtoe 
sound. 

PHILADELPHIA— Signed Vaughan John- 
son, linebacker, to 1-voar contract. 

PITTSBURGH— Re-signed Jerry Ol- 
savskv. linebacker. Resigned Corey Holli- 
day, wide receiver, to the practice snuad. 
Waived Victor Janes, running back. 

WASHINGTON— Waived Dawn* Copeland 
safety, from the reserve-retired list, making 
hhn a free agent. 

HOCKEY 

Nattoaal Hockey League 

N.Y. island E RS— Announced Ibe manage- 
ment committee hoe purchased 10 percent of . 
•be team from owner John a Pickett and 
weed to an extension of operating control. 

TORONTO — Loaned Guv Leveque, center, 
lo the Conodltxi national team. 

COLLEGE 

GREAT MIDWEST CONFERENCE— An- 
nounced that St. Louis, Marquette and Ato- 
bamo-Bkmlmgham are leaving the canton 


m 

P 1 


ifU* 

\{0- : 






DENNIS THE MENACE 


PEANUTS 


CALVIN AND HOBBES 




1M SORRT. SNOOPY 
CAN'T 60 OUT TO 
PLAY RIGHT NOW... 
HE' 5 READING.. 


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GARFIELD 


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INTERNATIONAL HERALD TRIBUNE, FRIDAY. NOVEMBER 18, 1994 


Page 21 










Fox TV, With Its Plans for World Tour in ’95, May Change Pro Golf 



PortH| 


.-w '<4 


By Lany Dorman 

• ■■ New York Tines Service 

NEW YORK — If it succeeds, the Fox 
television network’s bold foray into the 
world of golf — in essence a plan to under- 
write and telecast an eight-tournament, 

$25 million World Tour starting in 1995 

could alter the balance of power in the 
sort and force both the U.S. and the 
European PGA Tours to significantly 
change their structures and the way they 
do business. 

Fox has entered into a 10-year agreement 
with Executive Shorts loo, a managemen t 
company based m Delray Beach. Florida, 
that already operates some 30 tournaments 
worldwide. The agreement calls for an ini- 
tial schedule of at least eight tournaments 

with fields composed of between 30 to 40 
of the top-ranked players in the world 
competing for $3 mulian per event. 

Three of the tournaments will be sched- 
uled for the weeks directly preceding three 
of golfs four major championships — the 


Masters, April 6-9; the US. Open, June 
15-18, and the British Open, July 20-23. 

• Coinddenially, or perhaps not, the tiro- 
mg of Fox’s dive into golf comes at a 
critical period in the PGA Tour’s ongoing 
problems with the Federal Trade Commis- 
sion. It has been investigating the Tour for 
more than two years on charges of re- 
straint of trade. And persons with knowl- 
edge of the probe said investigators plan to 
reco mmen d, possibly within a matter of 
weeks, that the FTC commissioners issue a 
comp laint against the PGA Tour. Such a 
complaint, if issued, would cite the Tour’s 
conflicting event regulations and television 
releases as being unduly restrictive. 

The World Tour directly challenges the 
PGA Tour’s television releases and con- 
flicting events regulations. If enough play- 
ers back the concept, the ramifications 
would be vast. Regular PGA Tour events 
would, in essence, be devalued and tourna- 
ment sponsors would have less hope of 
landing marquee players, something that 


would probably force them to re-evaluate 
their investment in the lour. 

Greg Norman, one of the driving forces 
behind the World Tour concept, briefed 
his fellow touring professionals on the new 
events during a closed-door player’s meet- 
ing Wednesday, stressing the lti-year com- 
mitment from Fox. PGA Tour officials 
were not invited. 

Those the World Tour is seeking to lure 
away are (he sport’s best and its brightest, 
in terms of talent and marketability. 
Among (hem are Nick Price, Nick Faldo, 
Ian Woosnam, David Frost, Seve Balles- 
teros and Jos6 Maria Olaz&bal. 

PGA Commissioner Tun Fiochem de- 
clined to comment beyond what be had 
already said in a statement issued Tuesday 
night It said, in part that the proposed 
tour would “have a negative impact on 
existing events” and that the PGA Tour 
would try to block its players from partici- 
pating in the World Tour by “enforcing 


our television release and conflicting 
events regulations.” 

The American Golf Sponsors echoed 
those sentiments in a statement Wednes- 
day, saying, in part “It is our opinion that 
the proposed golf series is antithetical to 
the spirit of competition that is provided in 
our full-field events and is an attempt to 
buy the players through minimum guaran- 
tees which serve as appearance fees.” 

There was additional concern expressed 
by the bead of the PGA European Tour. 
Ken Schofield. He has seen a decline in 
sponsorship and a loss of tournaments this 
season, while a number of that circuit’s top 
pros have already said they are leaning 
toward playing more in the United States, 
and thus reducing their appearances in 
Europe. 

“There has to be serious concern over 
any attempt to undermine the essential 
dements of tour jurisdiction,’’ Schofield 
said. 

Most players reached at the Shark Shoo- 


tout declined at first to comment on the 
World Tour. 

Arnold Palmer, who attempted without 
success to pul together a s imit ar tour early 
in his career in conjunction with his man - 
agemenl firm. International Management 
Group, said the players should proceed 
with caution. 

“I’ve said for vears there's going to be a 
world tour,” Palmer said. “My opinion is 
whatever is done has to be done through 
the proper channels. The PGA Tour, the 
USGA and the R&A, organizations that 
have made golf so great, should be consult- 
ed. How this tour is put together is very, 
very important. 

“I don't think anything should interfere 
with the PGA Tour. That is the lifeline of 
golf.” 

Ben Crenshaw, asked if he thought the 
proposal would adversely affect the PGA 
Tour, replied, “That’s what we all have to 
weigh, but, certainly, if it was too disrup- 
tive, it would." 


Nor man, the most marketable player in 
golf and an outspoken proponent, of a 
world tour, has been a centra) figure in the 
fast-developing situation. He also has a 
long, close friendship with Rupert Mur- 
doch, the media billionaire from Australia 
who owns Fox. . 

The president of Fox Sports, David Hill, 
already has pulled off a similar s kimm ing 
of the cream to form a super league for 
television. The Premier Division in English 
soccer is a Hill-created division over and 
above the previous top division. 

Fox. the network that stunned Che U.S. 
sports world earlier this year with its suc- 
cessful incursion into the National Foot- 
ball League, now is banking on Norman’s 
ability to convince his fellow stars that 
following him to the pot at the end of the 
World Toi 
do. 


four rainbow is the smart thing to 


If enough players decide to go along, the 
ripple effects will probably shake the game 
to its foundations. 


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FLA 'Studying’ Report 
On Schumacher Crash 

Reuters 

PARIS — The International Automobile Fed- 
eration (FIA) said Thursday it was studying a 
report on Sunday’s crash involving Michael 
Schumacher and Damon Hill, as speculation, at 
least in the British press, grew that the Ger man 
driver could be stripped of his world title. 

FlA’s spokesman, Francesco Lnnganed said 
a report by Roberto Cause erf Italy, the govern- 
ing body’s official observer at the Australian 
Grand Prix, had been received. But Longanesi 
refused to say whether the repeal criticized Schu- 
macher’s driving. 

His Benetton racer cut across the path of the 
British driver’s Williams, causing Hamagft that 
forced both to retire. That left Schumacher, who 
had started the race with a one-point lead in the 
championship, with the world title. 

"There are further elements arriving for con- 
sideration,” Longanesi said. He declined to elab- 
orate, except to say that this could mean reports 
from other people involved as w«H as more 
details from the observer. 

Asked whether Schumacher could be con- 
firmed as world champion, Longanesi replied; “I 
am not going to take a position on that” 

Neither Hill nor his Williams team has filed a 
protest over the crash. 

In rimflar circumstances at the Japanese 
Grand Prix in 1989, Ayrton Senna escaped with 
a fine of $100,000 for dangerous driving after a 
‘ zrash with Alain Brest when both were vying for 
the world title. 

No action was taken the fallowing year when 
the BrazzEaa and the Frenchman crashed 
at the same grand prix, with the championship 
once more at stake. 



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Sampras Defeats Edberg 


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Pete Saqms, having floored Stefan Edberg with his 4-6, 6-3, 7-6 (7-3) victory, then helped him up. 


- in (rJ: 


Pierce, Martinez and Davenport Win in Slims 



By Robin Finn 

New York Tima Service 

NEW YORK — Last year, 
Mary Pierce showed up in the 
spotlight at Madison Square 
Garden for all the right reasons. 
Instead of ha ving her identity 
Knked to the ongoing family 
soap opera that starred her es- 
tranged and abusive father, 
Jim, she made a name for her- 
self as a genuine prospect, not a 
mot curiosity, by defeating 
Martina Navratilova and Ga- 
briels Sabatini to reach the 
semifinals of the Virginia Slims 


On Wednesday night, after a 
testy, tremulous be ginni ng, 
fierce used her most reliable 
tactic, brute force, to get past 
her opening-round opponent, 
Amanda Coetzer of South Afri- 
ca. 

*T think at the end I seemed 
to play a little better and make 
fewer mistakes than I did at the 


beginning,” said the fifth-seed- 
ed Pierce, who blamed her occa- 
sional lapses into lethargy, 
which once provoked a warning 
for stalling, on a lingering case 
of the flu. 

*T don't feel 100 percent 
healthy,” she said. 

Nonetheless, Pierce over- 
came 49 unforced errors and 
eliminated the 17th-ranked 
Coetzer, 5-7, 6-3, 6-3, to earn a 
quarterfinal berth on Thursday 
night against top^seeded Steffi 
Graf, the woman she defeated 
en route to this year’s career 
breakthrough, the French Open 
final. 

“To beat Steffi, I really have 
to be playing weO, and very 
focused, and hopefully tomor- 
row m be feehng a little bit 
better.” said fierce, who has a 
career record of 1-3 against the 
German. 

Like fierce, the third-seeded 
Conchita Martinez turned in an 


un remarkab le performance on 
Wednesday night, but she made 
a similar recovery from a lack- 
luster first set in her 2-6, 6-2, 6-4 
comeback against eighth- 
ranked Natalya Zvereva. 

The only reeded player who 
looked impressive from start to 
finish was Lindsay Davenport, 
seeded seventh and appearing 
in her first Championships. The 
Californian raced to a 6-2, 6-3 
victory against llth-ranked 
Anke Huber of Germany. 

“I've had a couple months of 
not playing well, so Tm real 
happy I was able to win this 
oner said Davenport, who now 
experiences another first, a 
meeting with fourth-seeded 
Jana Novotna, in the quarterfi- 
nals. 

Last spring, Davenport’s sec- 
ond year on the circuit coincid- 
ed with her senior year of high 
school, and the two disciplines 
didn’t always mix. 


In May, she became the first 
American- bora player to reach 
the top 10 since Jennifer Ca- 
priati did so in 1990 at the age 
of 14. 

Davenport’s breakthrough 
came at 17, but it was fraught 
with the type of complications 
that result when a top 10 talent 
makes good on her promise to 
maintain a normal teenage exis- 
tence: 

After successfully defending 
her 1993 title at Lucerne, she 
barely made it to Wimbledon; 
she and her classmates pulled a 
ritual all-nighter on graduation 
weekend, and by the time she 
got to England, rite was better 
prepared tor a good night’s 
sleep than a good match. After 
three rounds, riie faltered, and 
t hen came another third-round 
loss at the United States Open 
and a leg injury that hobbled 
her fitness. 

“I think for sure I’ve met my 


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expectations because, you 
know, I didn’t really know what 
to expect in the beginning,” 
said Davenport. 

Since rookie sensations who 
fail to come up with new tricks 
laid to have a short shelf life, 
the 18-year-old has already be- 
come “more devious” in her 
playmaking, the better to mini- 
mize the sophomore jinx. 

“You have to always kind of 
work on making your game less 
predictable,” she said. *Tve 
been trying to make the fore- 
hand a big weapon just to add 
some diversity.” 

Davenport said she was ner- 
vous before her Garden debut, 
but not so nervous that she for- 
got bow to make the llth- 
ranked Huber ill at ease. *T 
served really well tonight, so I 
was able to hold pretty comfort- 
ably and just wait to break her ” 
said Davenport. 

The only American-born 
player to qualify for these 
Championships, Davenport 
said she didn't feel pressure 
over it. “If s been a weird year 
for American tennis.” she said. 
“Mary Joe Fernandez has been 
injured, and Jennifer’s coming 
back, which is great, bat if s just 
been like a little hole, and I'm 
the only one who's been playing 
OJK-” 


To subecribo fn Germany 
|iwt call, toll fra* 
0130848585 


By Christopher Clarey 

Special to the Herald Tribme 

FRANKFURT — Michael 
Chang was shaking his head: a 
thinking man’s player feeling 
sheepish more for having been 
outth ought than for having 
been outplayed. 

“I pulled a rookie move,” he 
said, looking slightly amused. 

The rookie move came after 
his five-set loss to Andre Agassi 
in the fourth round of the U.S. 
Open, after which he spoke 
publicly and at some length 
about weaknesses in Agassi's 
game. 

Agassi, who would go on to 
win at Flushing Meadow, was a 
bit taken aback initially. After 
ah, hadn’t be beaten Chang by 
6-1 in the fifth? What kind of 
position was Chang in, to talk 
about weaknesses? 

“But I went to the videotape, 
and I studied it, and I saw the 
weaknesses he was talking 
about, and I worked on them, 
so I owe Michael a lot of th anks 
for that,” Agassi said Thursday 
after beating Chang again, 6-4, 
6-4, at the IBM/ATP Tour 
World Championship and be- 
coming the first player in this 
round-robin event to qualify for 
the semifinals. 

Sergi Bruguera also advanced 
by beating fellow Spaniard Al- 
berto Berasaiegui, 6-3, 6-2, in 
the day's final match. Chang's 
second loss put him out of the 
tournament. 

But who knows w hat differ- 
ence Agassi’s trip to the VCR 
made? The way he is stroking 
the ball from the baseline and 
finding the comers with his 
serves, it probably made very 
little difference at all but the 
anecdote is revealing. It shows 
the influence of his new coach. 
Brad Gilbert, a man who has 
co-written a book titled “Win- 
ning Ugly” and a man who has 
wrung every last computer 
ranking point out of his wiry 
frame and wily game. 

Agassi has long been more 
woolly than wily, but lately his 
opponents are beginning to re- 
alize that this purposefully 
flamboyant package of raw 
power and raw talent is learning 
to play with a grander design. 

“I think Andre is playing his 
best tennis of his life, and what 
is really changed for him is that 
he is playing a lot smarter,” said 
Stefan Edberg, a 4-6, 6-3, 7-6 
(7-3) loser to world No. 1 Pete 
Sampras in the day’s second 
match. “He doesn’t go for crazy 
shots .any longer, and I think 
that is why he is winning. He is 
making very few mistakes and 
keeping the ball in play 

Such high-percentage tennis 
is not, of course, Edbezg’s style. 
The likeable blond who broke 
the mold of Swedish basehners 
is a committed risk-taker who 
attacks with uncommon grace, 
and though he has had a diffi- 
cult season at age 28, be has 


attacked effectively in Frank- 
furt After dispatching of a list- 
less Goran Ivanisevic on 
Wednesday, Edberg needed a 
round-robin victory against 
Sampras to guarantee himself a 
spot in the semifinals. After he 
roared bade from a 3-0 deficit 
to win the first set it appeared 
he might do just that 

But if greatness in tennis is 
confirmed by winning when 
you are at less than your best 
on this ev ening Sampras fluted 
with greatness. Grumpy and in- 
consistent in his movement ear- 
ly on, he lifted his game in the 
sixth game of the second set, on 
Ed berg’s serve, finally convert- 
ing his fifth break point of the 
game with a magnificent fore- 
hand passing snot down the 
line. 

“I was just feeling frustrated 
because my game really isn’t 
there.” said Sampras, who lost 
in straight sets to local hero 
Boris Becker on Wednesday 
and had to win Thursday night 
to stay in semifinal contention. 

“Against Boris yesterday. I 
was a bit overwhelmed,” he 
said. “I didn't play well, so the 
confidence going into today’s 
match wasn’t really there. I had 
to find it somehow, and fortu- 
nately I found it in the middle 
of the second set.” 

With his customary equanim- 
ity restored, Sampras served out 
tnat set and then reached his 
peak in the third-set tiebreaker, 
finally finding his range on his 
returns and hitting his most 
powerful and effective serves of 
the match. 


Although the victory kept 
Sampras in the r unning , he is 
hardly a sure bet for one of the 
two White Group’s spots in the 
semis. First, be must beat Ivani- 
sevic in his final round-robin 
match on Friday. And, even if 
he beats the Croatian, he needs 
Becker to beat Edberg in order 
to be certain of advancing. If 
Edberg should win, it will come 
down to a tiebreaking proce- 
dure. 

Agassi has no such concerns. 
His ruthlessly efficient and 
powerful play from the back- 
court forced Chang to take far 
too many risks. Now, the only 
importance of Agassi’s match 
against Bruguera on Friday is 
to determine who finishes first 
and second in the weaker Red 
Group. 

“I couldn’t feel better about 
where my game is, not only for 
today but for the rest of my 
career,” Agassi said grandilo- 
quently. “I am only going for- 
ward from here.” 

But surely, he still must have 
some weaknesses. Isn't that 
true, Michael? 

Michael? 

“Today, Andre played some 
good tennis, and 1 think that he 
was a little bit better than I 
was,” said Chang, good-na- 
tured and deadpan to the end. 
“1 think it was nice to have my 
family on the sidelines and have 
a great crowd. I hope to be back 
here next year and for many 
years to follow.” 


SIDELINES 


FINAs Awaiting Yang’s Test Results 

LONDON (AP) — FINA said Thursday it had not received 
official laboratory confirmation that world 400- meter freestyle 
cham pion Yang Aihua of China had tested positive for steroids. 

Dr. Alan Richardson, a member of the international federa- 
tion’s medical commission, said Wednesday that Yang had tested 
positive in a random sampling before the Asian Games in Hiroshi- 
ma, Japan. 

FINA’s secretary-general Gunnar Werner, said by telephone 
from his office in Karlstad, Sweden, that “there was some confu- 
sion regarding the test results. Therefore, we have requested a new 
a n d final result. 

“It’s not al all confirmed,” he said. “Dr. Richardson is not 
directly involved in it, and I am very surprised and disappointed 
that he spoke like he did. As a doctor, he should know better.” 

Werner said he expected to have the final test results by next 
Tuesday at the latest 

Grobbelaar Questioned by Police 

LONDON (Reuters) — Goalkeeper Bruce Grobbelaar, within 
hours of returning from Zimbabwe, was questioned Thursday by 
police investigating charges he accepted money to fix Premier 
League soccer matches. 

Grobbelaar managed to evade a pack of reporters and photog- 
raphers at Gatwick airport, but when he arrived to brain with his 
teammates at Southampton, the most successful goalkeeper in 
English soccer history found police waiting to interview him. 

The Zimbabwe international police said, was “very co-opera- 
tive” during the interview, which lasted only a few minutes. The 
flamboyant Grobbelaar is due to play in Southampton's home 
clash with Arsenal on Saturday. 


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Page 22 


INTERNATIONAL HERALD TRIBUNE, FRIDAY, NOVEMBER 18, 1994 


OBSERVER 


Politicians! Surf’s Up! 


By Russell Baker 

W ASHINGTON — The 
most interesting explana- 
tion of the famous Republican 
triumph comes from my wife, 
who is not political and whose 
mind, therefore, has not been 
ossified by total immersion in 
polling statistics. 

She thinks it was the inevita- 
ble result in a nation with a real- 
ly heavy channel-surfing habit 
Voters treated the familiar old 
Democrats just as they treat the 
famili ar old TV shows when they 
plop down in the parlor with a 
remote-control gadget 
They just naturally zapped 
them, thinking, “Might as well 
tiy another pol. Probably won’t 
be much better, but he can be 
zapped too after I’ve surfed the 
entire menu." 

If you have been listening to 
t alking beads make everything 
perfectly murky, you may dis- 
miss my wife’s explanation on 
ground that it is excessively 
simple. Yet the simplest expla- 
nation often solves the most 
baffling mystery. 

□ 

It seems ^uite natural that 
channel-surfing should lead to 
politician-surfing, for Ameri- 
cans have long been prisoners, 
as it were, of both television and 
politicians. 

When television consisted of a 
few networks and an indepen- 
dent station or two rerunning 
old network shows, you could 
take it or turn it off. And who 
could possibly turn it off? Its 
grip was so unshakeable that the 
few who could turn it off were 
jeered as intellectuals and snobs. 

Even changing from one 
channel to another required toll. 
Overweight bodies had to be lift- 
ed, then walked two, three, four 
feet, maybe bent slightly to 
touch a dial, a button. 

It was easier to lie there and 
let the arrogant tubemeisters 
and advertisers give it to you 
right between the eyes. 

Then suddenly — empower- 
ment! Dozens and dozens of 


new cable channels became 
available. And the ultimate 
weapon — the remote! 

Tliis incredibly powerful new 
weapon changed the balance of 
power between TV providers 
and viewing masses. Viewers no 
longer have to lie there and take 
it. Now they lie there and zap it. 

The terrifying threat of 500 
channels, if earned out, w3I re- 
quire such intense concentration 
on the remote that millions 
doubtless will suffer psychiatric 
breakdown after repeated failure 
to surf the entire 500 before all 
change shows. 

Change is hard for people to 
accept Maybe that’s why so 
many politicians stayed in office 
so long. With the remote work- 
ing its havoc in the TV room, 
however, change became a habit. 
The manipulated herd was herd 
no longer. It was now a surfer. 

When did it begin to fed com- 
fortable with the idea that it 
could zap a politician and move 
on to another, just as casually as 
it zapped a shopping channel 
and moved on to the Weather 
Chann el, then to Bravo, to A&E, 
to PBS, to die Cooking Channel, 
the Cosmetics Channel, the 
Automatic Firearms Chann el, 
the OJ. Simpson Channel? 

□ 

It's hard to say precisely 
when people became comfort- 
able with politician-surfing, but 
the 1992 defeat of President 
Bush showed it well under way. 
President Bush, once so unbeat- 
able that no important Demo- 
crat dared run against him, was 
in a few months so reduced by 
failure to gratify audience de- 
mand for an exciting economic 
show that he fell to the little- 
known BQ1 Clinton. 

Clinton was the Erst benefi- 
ciary of politician-surfing, and 
now of course the surfers seem 
hot to surf on to another pol 
after last week’s demonstration 
of how easy it is. 

Well, the idea is my wife’s. I 
was in charge of the muddling. 

New York Times Service 


What Makes Libby Tick? Ask Paul Rudmck 


By William Grimes 

New York Times Service 

N EW YORK — Does Libby like “Stargate"? 

You bet Big time. No need to ask, really. How 
could a movie in which Kurt Russell kicks keister 
among the ancient Egyptians at the far end of the 
universe fail to enchant Libby Gelman-Waxner, the 
monthly film aide for Premiere magazine and the 
finest judge of cinematic art ever to come out of 
Great Neck, New York? 

“Libby is guided primarily by trailers, and ‘Star- 
rate’ resembles 40 trailers back to back,” says Paul 
Rudmck, Libby’s creator, dissecting the film at a 
Times Square restaurant around the comer from the 
Criterion Center, where he has just seen it. “Also. 
Libby is a huge Kurt Russell fan, although in this 
film he se ems to be playing an angry shaving brush.” 

Although the film doesn’t touch on shopping or 
weight loss, two of Libby's preoccupations, it does 
work in a third important Libby theme. 

“The f ilm manages to present space travel as an 
alternative to psychotherapy,” says Rudnick, who 
accepts this as natural. “I do think that confronting 
the ancient Egyptian sun god would change a guy." 

Some people might think that “Stargate” is just a 
little bit over the top. The film could be described as 
a bubbling cinematic gumbo made up of equal parts 
“The Ten Commandments,” “Ben Hur,” ‘Star 
Wars,” “Mad Max,” “2001,” “The Mummy” and 
“Platoon." For Libby, that means more to love. 
“She’s a fan of excess,” says Rudnick. “She would 
adore this film: It’s pleasure without thought.” 

As readers of Premiere understand. Libby, whose 
monthly col umns have now been collected in “If You 
Ask Me” (SL Martin’s Press), takes a personal ap- 
proach to film criticism. Her fans know that she is an 
assistan t buyer of juniors' active wear, married to a 
highly successful pudgy orthodontist, John, and that 
she has two adorable children. Jennifer and Mitchell 
Shaw n, and a therapist, Dr. Arlene Cole-Natbaum. 

They also get a glimpse of the cinema that reflects 
the Great Neck world view. libby tends to zero in 
on clothing, accessories, weight fluctuations and 
cosmetic surgery among the major stars, possible 
si gftring s of Mel Gibson’s tush, and unpleasant 
tactile or olfactory effects. 

“She judges films by their relevance to her person- 
al life,” Rudnick says. 

Like a miracle cleanser, Libby gets the spots that 
other film critics miss. In “Lock Up,” who else no- 
ticed that “when Sty swabs the floor, he keeps going 
over the same little comer, so you know that he's 
never used a mop before”? Or that in “Camille 
Claudel,” Isabelle Adjani had awfully smooth hands 
and a terrific manicure for a proto-feminist sculptress. 

Libby came to life five years ago, when Premiere 
was starting up and its editor asked Rudnick to be its 
in-house film critic. “I decided the world did not need 
another film critic,” says Rudnick. “The world needed 
Libby.” He fudges a bit about her age (“she is in her 


As readers of Premiere magazine 
understand, Libby takes a personal 
approach to film criticism. They 
also get a glimpse of the cinema that 
reflects the Great Neck world view. 



Fini R Conrad NYT 


Libby Gelman-Waxner ’s alter ago. 

mid-30s, and moisturizing"), but he’s clear on ha - 
origins. “When Gneplexes were first opened in mans. 
that was the big bang that created her,” he says, the 
moment when filmgomg and shopping became one. 

She may turn out to be his most memorable cre- 
ation. Rudnick has won critical praise For plays like I 
Hate Hamlet” and “Jeffrey," for his script writing on 
both Addams Family films (the first an un credited 
polish) and for two satirical novels. But Libby has 
strode a nerve. Many readers think she exists. Her 
fans cheer her on. She also gets mail from angry 
cdneastes who denounce her as a know-nothing wno 
needs to take a course in film theory, and from 
irritated subscribers in the Midwest who think she 
too much time talking about her private life. 

Ru dnick is blade- thin and rather dour looking, 
with a long face and downward-pointing eyebrows. 
His ability to amuse and be amused is at odds with 
his face. He generates streams of one-liners and 
sharp little observations by the yard, with no appar- 
ent effort 

Occasionally, Rudnick will pause, consider one of 
his own lines, and indulge in a laugh. It’s a four-beat, 
deliberately paced huh-huh-huh-huh, with the 
sound produced on the inhale, rather than the ex- 
hale. It’s a nerd laugh. 

Rudnick, 36, grew up in Piscatavay, New Jersey, 
and popped up on the theater scene in New York 


SrKSStS3!* b IE^ 

was optioned for film, mad Rudmck foundlumsjdf 
writing screenplays, and getting a taste of Houy 

the trends by the way they asked 
for rewrites,” he says. “It was a Brat Pack movie for 
a while. Then, when more violent films came m, it 
was a gang film in which the 
New Haven townies, sort of Eke West Side Story. 
Ultimately, the project faded away. 

Meanwhile, Rudmck, now ensconced in Greenwicn 
Village, wrote three plays and threw them aD away- 
ThexTbe wrote “Social Disease,” a satire of the New 
Yoik nightclub scene, and Til Take It, abo ut thre e 
elderly asters and a young man who go on a shopping 
binge, hitting every outlet store in New EngbuuL 
“T intended to be only a playwright, he says. 
“Now I think, let the idea dictate the form, i ve 
stopped worrying what I put on my tax return under 

^ tadecdT“I Hate Hamlet” started life as a novel 
before mutating into a play, and there must have 
been times when Rudnick wished he’d stuck to Plan 


A. Especially the night that Nicol Williamson strode 
the play’s co-star, hvan Handler, with his sword, 
whereupon Handler left the stage, never to return. 

With the Addams Family films, Rudnick: struck 
pay dirt. Die campy, tongue-in-cheek premise of the 
Sms and the open invitation to reel chi strings of 
one-liners, proved ideal for his particular talents. 
“Those movies,” he says, “were pure pleasure. 

Between Addamses. Rudnick wrote ‘Jeffrey, his 
most successful play yet, about the complications 
that ensue when the title character, who is gay, 
responds to the AIDS epidemic by giving up sex. 

This spring, Rudnick returned to Off Broadway 
with “The Naked Truth,” a satire suggested by the 
furor surrounding the photographs of Robert Map- 
plethorpe. In Rudnick’s play, a starchy socialite 
finds herself in the SoHo loft of a gay photographer 
who expands her vocabulary and her pinched moral 
sense. The critics preferred “Jeffrey.” 

A film version of “Jeffrey,” with a screenplay by 
Rudnick, was shot in New York this summer and is 
now being shown to distributors. 

Will Libby review it? 

“Well, she saw die play,” says Rndnick. “She did 
Eke the fact that the line for the men’s room was 
longer than for the ladies' room. That’s one reason 
films with gay content are often popular among 
women.” 

Truth to tell, libby is finding it hard to think 
about anything except “Interview With the Vam- 
pire.” “She’s a big Anne Woe fan and believes in 
supporting studio gambles,” says Rudnick. “She 
thinks of it not as a vampire film, but a chance to sec 
Tam Cruise as a blond.” 


PEOPLE 


Toronto Museum Head* 

To Take Over at MOMA 

Glenn D. Lowry, 40, an ex- 
pert on Islamic and Oriental 
will become the new direc- 
tor of New York’s Museum of 
Modern Art. He is currently di- 
rector of Toronto’s Art Gallery 
and will replace Ridhanl E. Ol- 
denburg, who is retiring. 

□ 

A letter from Marie-Antw- 
nette, the French queen guillo- 
tined in 1793, has been found in 
the upholstery of a Louis XVI 
armchair at an antiques fair-in 
Vi*™™. The letter was said to 
be in good condition and.wifl be 
checked for authenticity. Gent 
Hoffmann, director of the fair, 
said it was dated Jan. 31, 1787, 
from Versailles and was ad- 
dressed to a Cardinal iTHerzaa, 
whom the queen, then aged 32, 
called “my cousin.” 

□ 

Jacques Moodier, 70, presi- . 
dent of the French Couture and 
Ready-to-Wear Federation, 
was promoted to commander of 
the French Legion of Honor. 

□ 

David Lettenma complained 
at the start of his show that he 
felt a Ettle down: “For some 
reason. I just can't get Gove|& 
nor-dect George Pataki to re- 
turn my calL” But he didn’t 
have to wait long. Patalti strode 
on stage in New York to deliver 
the night’s Top 10 list. And 
here they are, from “The Late 
Show,” the Top 10 ways to mis- 
pronounce the name erf the New 
York governor-elect as deliv- 
ered by Pataki himself: Na 10: 
Patooky, No. 9: P ackati c ky, 
No. 8: Paturkey, No. 7: Souv- 
laki. No. 6: Pat Sajadri, No. 5: 
Fat Ducky. No. 4: Gap Khakis, 
No. 3: WtU Cut Taxes, No. 2: 
Cold Six-Phcky, No. I: Boo- 
tros-Boutros-aki. 


Nadia Comaneci received an 
engagement ring for her birth- 
day from fellow Olympic gym- 
nastic champion Bart Conner. 
Comaneci just turned 33. 


WEATHER 


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Forecast for Saturday through Monday, as provided by Accu -Weather. Asia 



North America 

New York will be mild 
through ihe period wnh 
showers on Saturday and 
again on Monday. Toronto 
win be dry and cool Satur- 
day: some rail e [fcety Sun- 
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Along the West Coast, man- 
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Nice will have dry, mild 
weather this weekend. 
Belfast through Oslo wdl be 
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next week with rain an occa- 
sion. Localy heavy rains mil 
tall nearby. A storm over the 
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Middle East 


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Gaddis, Nuland and Tate Win National Book Awards 


By David Streitfeld 

Washington Post Service 

N EW YORK — William Gaddis won 
his second National Book Award 
for fiction for his multifaceted novel 
about the law, “A Frolic of His Own.” 
Since Grace Paley had been reported as 
the favorite for her collected stories, the 
prize came as a surprise to everyone. 

“Not since Nabokov have we seen 
such magisterial disdain, reasoned 
alarm and hard pity for human foolish- 
ness, disorder and misfortune,” the 
judges said in their citation. Gaddis 
described his book as about “nostalgia 
for order” in the midst of a disorder so 
immense “I scarcely need to call your 
attention to it.” 

Since publication of his first novel 
“The Recognitions” in 1955, Gaddis has 
been stuck with two labels: genius and 
difficult. The second is the one he isn’t 
crazy about. “Why my books are regarded 
as difficult is a mystery to me and a cross I 
bear, but happily this evening,” he said. 

The nonfiction award went to Sherwin 
Nuland’s best-selling “How We Die: Re- 


flections on life's Final Chap ter ” That 
choice meant that “Strange Justice: The 
Selling of Clarence Thomas” by JQl 
Abramson and Jane Mayer, the examina- 
tion of Supreme Court Justice Clarence 
Thomas that inspired controversy merely 
by bong nominated, wouldn’t be provok- 
ing a fresh round by winning fo their 
citation, the judges wrote of “How We 
Die”: “vivid, straightforward, at timp-s al- 
most painful to read” and “strips the act 
of dying of all its romantic aspects.” 

In poetry, the award went to “Wor- 
shipful Company of Fletchers” by James 
Tate. The judges said his work is “often 
hilarious without losing the nervous edg- 
iness that makes it such a profoundly 
unsettling experience.” 

The poet Gwendolyn Brooks received, 
as previously announced, the 1994 Na- 
tional Book Foundation Medal for Dis- 
tinguished Contribution to American 
Letters. 

In fiction, the other finalists were El- 
len Currie for “Moses Supposes”; Rich- 
ard Doohng for “While Man’s Grave”; 
Howard Norman for “The Bird Artist,” 
and Paley for ‘The Collected Stories ” 


In addition to “How We Die” and 
“Strange Justice,” the finalists in nonfic- 
tion were John Demos for “The Unre- 
deemed Captive: A Family Story from 
Early America”; John Edgar Wideman^ 
for “Fatheralong: A Meditation of Fa- • 
there. Sons, Race and Society,” and To- 
bias Wolff for “In Pharaoh's Army; 
Memories of the Lost War.” 

The other finalis ts for the poetry 
award were Richard Howard for “Like 
Most Revelations”; Heather McHugh 
for “Hinge & Sign; Poems. 1968-1993”; 
Anne Porter for “An Altogether Differ- 
ent Language: Poems 1934-1994,” and 
David St. John for “Study for the 
World’s Body.” 

The National Book Award, now in its 
44th year, is the glitziest of American 
literary prizes. The awards, worth 
$10,000 each, are announced at a black- 
tie, $500-a-plate (tinner at the Plaza Ho- 
tel in New York. 

Last year’s winner of the fiction 
award, ‘The Shipping News” by Annie 
Proulx, has an incredible 750,000 over- 
size paperbacks in print. 



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